How many renters in Minnetonka, MN pay more than 30% of their income on rent?
45.9% (±4.6 points) of renting households in Minnetonka, MN spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
38.0% spend 35% or more.
The median renting household spends 28.6% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 45.9% (±4.6 points)
- Paying 35% or more
- 38.0% (±4.0 points)
- Median share of income
- 28.6% (±1.5 points)
Rent as a share of income in Minnetonka
| Share of income spent on rent | Minnetonka | Hennepin County | Minnesota | United States |
|---|---|---|---|---|
| Less than 15% | 10.4% (±2.4 points) | 11.8% | 12.9% | 12.6% |
| 15% to 19.9% | 15.1% (±4.5 points) | 13.3% | 12.9% | 12.2% |
| 20% to 24.9% | 14.2% (±3.3 points) | 14.6% | 13.9% | 12.6% |
| 25% to 29.9% | 14.3% (±3.8 points) | 12.8% | 12.1% | 11.5% |
| 30% to 34.9% | 7.9% (±2.2 points) | 9.3% | 9.7% | 9.2% |
| 35% or more | 38.0% (±4.0 points) | 38.2% | 38.4% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Minnetonka against Hennepin County, its state and the nation
| Minnetonka | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Paying 30% or more | 45.9% (±4.6 points) | 47.5% (±1.1 points) | 48.1% (±0.6 points) | 51.1% |
| Paying 35% or more | 38.0% (±4.0 points) | 38.2% (±0.9 points) | 38.4% (±0.5 points) | 41.9% |
| Median share of income | 28.6% (±1.5 points) | 29.0% (±0.4 points) | 29.2% (±0.3 points) | 30.6% |
| Median renter household income | $76,137 (±$5,574) | $59,890 (±$1,200) | $51,080 (±$531) | $52,966 |
| Median gross rent | $1,779 (±$30) | $1,487 (±$14) | $1,280 (±$7) | $1,413 |
In Minnetonka, the share of renters paying 30% or more of income is not measurably different from Hennepin County (47.5%).
It is not measurably different from Minnesota (48.1%).
It is lower than the national figure (51.1%).
In Hennepin County, Minnetonka ranks 28 of 42 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 804 of 2,184.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Minnetonka
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Minnetonka | — | 45.9% (±4.6 points) | — |
| Hopkins | 2.6 mi | 47.5% (±6.7 points) | Not measurably different |
| Woodland | 3.4 mi | 100.0% (±141.4 points) | Not measurably different |
| Deephaven | 3.5 mi | 51.6% (±32.2 points) | Not measurably different |
| Wayzata | 4.0 mi | 51.5% (±17.1 points) | Not measurably different |
| St. Louis Park | 4.6 mi | 39.8% (±4.1 points) | Not measurably different |
| Medicine Lake | 4.8 mi | 18.2% (±14.5 points) | Lower |
| Greenwood | 4.9 mi | 68.2% (±60.2 points) | Not measurably different |
| Edina | 5.5 mi | 49.3% (±6.4 points) | Not measurably different |
Nearby places with a measurably lower figure: Medicine Lake, MN (18.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Hennepin County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 22 | Hopkins | 47.5% (±6.7 points) |
| 23 | Maple Grove | 47.2% (±8.2 points) |
| 24 | Maple Plain | 46.9% (±22.3 points) |
| 25 (tie) | Bloomington | 46.3% (±4.2 points) |
| 25 (tie) | Corcoran | 46.3% (±66.1 points) |
| 27 (tie) | Medina | 45.9% (±44.2 points) |
| 27 (tie) | Minnetonka | 45.9% (±4.6 points) |
| 29 | Rogers | 44.8% (±18.4 points) |
| 30 | Richfield | 43.9% (±6.3 points) |
| 31 (tie) | Osseo | 42.3% (±14.2 points) |
| 31 (tie) | Plymouth | 42.3% (±5.2 points) |
| 33 | Eden Prairie | 42.2% (±5.7 points) |
| 34 | St. Bonifacius | 40.9% (±32.9 points) |
Showing 13 of 42 places in Hennepin County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Minnetonka
Are renters in Minnetonka rent-burdened?
45.9% of renting households in Minnetonka pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Minnetonka spend on rent?
The median renting household in Minnetonka, MN spends 28.6% (±1.5 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Minnetonka city, Minnesota (place:43252, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Housing across Hennepin County
- Minnesota places ranked by rent burden
- Housing data for every place in Minnesota