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36 Luxury Apartments Near Me in Minnetonka, MN
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Cost of Living
28% Rent
vs
72% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in Minnetonka, MN is 28% renters and 72% owners. The monthly average cost of rent in Minnetonka is $1,523 per month and the yearly average income is $144,279 per year. This compares to an average rent of $826 in MN and $1,003 in the US. This data was last updated in October 2023
Travel and Transport
Commuting to Work
Last Updated October 2023
Residents of Minnetonka, MN spend an average of 20.7 minutes commuting to work. 47% have short commutes under 20 minutes, 51% travel between 20 and 60 minutes, and 2% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In Minnetonka, MN, 2% of residents rely on public transportation, 2% commute on foot, 0% use bicycles, and 96% opt for other modes such as cars and ride-sharing.
FAQs
What is the average rating of a community in Minnetonka?
The average rating is 3/5 stars.
What is the average price for a 1 Bedroom + 1 Bathroom in Minnetonka?
The average price is $1,742.43.
What is the average price for a 2 Bedrooms + 2 Bathrooms in Minnetonka?
The average price is $2,452.70.
What is the average price for a Studio + 1 Bathroom in Minnetonka?
The average price is $1,398.67.
What is the average monthly rent for Minnetonka?
Based on 2023 city data, the average monthly rent is $1,523.00.
What is the average commute time?
Based on 2017 city data, the average commute is 20.7 mins.