2025 Compare Cities Economy:
Elgin, IL vs Minnetonka, MN

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Highlights
- Household income in Minnetonka, is 33% more than it is in Elgin and is 35% above the National Average.
- Elgin unemployment rate is 9.9%.
- Minnetonka unemployment rate is 3.3%.
 Elgin, ILMinnetonka, MNUnited States
 Unemployment Rate  Unlock3.3%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth28.3%  Unlock33.5%
 Sales Taxes8.5%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$31,673  Unlock$37,638
 Household Income  Unlock$106,023$69,021
 Family Median Income$88,684  Unlock$85,028
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 Est. Households By Income
 Elgin, ILMinnetonka, MNUnited States
 Income Less Than 15K  Unlock4.8%9.4%
 Income between 15K and 20K2.2%  Unlock3.8%
 Income between 20K and 30K  Unlock3.8%8.1%
 Income between 30K and 40K7.8%  Unlock8.0%
 Income between 40K and 50K  Unlock4.7%7.6%
 Income between 50K and 60K7.0%  Unlock7.2%
 Income between 60K and 75K  Unlock7.5%9.6%
 Income between 75K and 100K16.1%  Unlock12.8%
 Income between 100K and 150K  Unlock20.9%16.3%
 Income between 150K and 200K9.0%  Unlock7.8%
 Income greater than 200K  Unlock20.1%9.5%
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 Population By Occupation
 Elgin, ILMinnetonka, MNUnited States
 Management, business, finance13.6%  Unlock16.4%
 Engineering, computers, science  Unlock11.9%6.5%
 Community, social services1.4%  Unlock1.8%
 Legal  Unlock1.5%1.2%
 Education, library4.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.9%2.0%
 Healthcare practitioners and technology4.1%  Unlock6.2%
 Healthcare support  Unlock3.0%3.3%
 Firefighters, law enforcement2.0%  Unlock2.1%
 Food preparation, serving  Unlock3.3%5.4%
 Building maintenance4.8%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support21.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair8.9%  Unlock8.1%
 Production, transportation, material moving  Unlock7.3%13.1%
Reviews for Elgin    9 Reviews

When I first moved to Elgin 2 years ago I did not like it. I lived in a mobile home park near the river and highway 90 in a senior community that over prices it's lot  More

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Hi, as a way of updating the post for Elgin and providing a rebuttal for some of the negative reviews, I've decided to post on this board. I've lived in Elgin since  More

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Over 15 years ago

I have lived in Elgin my whole life and it is very sad to read these comments about my town.... I'm a senior at South Elgin High School and I will be graduating this  More

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Reviews for Minnetonka    4 Reviews

Over 14 years ago

Moving from Southern California to Minnetonka, MN the thing we noticed most was the country living envirnoment even though you are living within the city. There are no  More

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Over 16 years ago

Minnetonka, MN was a quiet and nice place to raise a  More

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Over 19 years ago

You can't beat Lake Minnetonka in the  More

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