2025 Compare Cities Economy:
Lake Forest, IL vs Minnetonka, MN

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Highlights
- Household income in Minnetonka, is 45% less than it is in Lake Forest and is 35% above the National Average.
- Lake Forest unemployment rate is 6.4%.
- Minnetonka unemployment rate is 3.3%.
 Lake Forest, ILMinnetonka, MNUnited States
 Unemployment Rate  Unlock3.3%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth32.8%  Unlock33.5%
 Sales Taxes7.5%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$99,558  Unlock$37,638
 Household Income  Unlock$106,023$69,021
 Family Median Income$224,450  Unlock$85,028
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 Est. Households By Income
 Lake Forest, ILMinnetonka, MNUnited States
 Income Less Than 15K  Unlock4.8%9.4%
 Income between 15K and 20K1.9%  Unlock3.8%
 Income between 20K and 30K  Unlock3.8%8.1%
 Income between 30K and 40K3.4%  Unlock8.0%
 Income between 40K and 50K  Unlock4.7%7.6%
 Income between 50K and 60K5.0%  Unlock7.2%
 Income between 60K and 75K  Unlock7.5%9.6%
 Income between 75K and 100K6.8%  Unlock12.8%
 Income between 100K and 150K  Unlock20.9%16.3%
 Income between 150K and 200K11.0%  Unlock7.8%
 Income greater than 200K  Unlock20.1%9.5%
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 Population By Occupation
 Lake Forest, ILMinnetonka, MNUnited States
 Management, business, finance31.0%  Unlock16.4%
 Engineering, computers, science  Unlock11.9%6.5%
 Community, social services1.1%  Unlock1.8%
 Legal  Unlock1.5%1.2%
 Education, library7.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.9%2.0%
 Healthcare practitioners and technology6.2%  Unlock6.2%
 Healthcare support  Unlock3.0%3.3%
 Firefighters, law enforcement0.6%  Unlock2.1%
 Food preparation, serving  Unlock3.3%5.4%
 Building maintenance1.6%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support21.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair0.6%  Unlock8.1%
 Production, transportation, material moving  Unlock7.3%13.1%
Reviews for Lake Forest    4 Reviews

We relocated cross county to Lake Forest about a year ago due to a job change. We looked at nearby communities, within proximity of the work commute (the office is in  More

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Be prepared for a so called upscale town with entitled, overpaid, snooty people from teenagers who sneer at you to adults who look you up and down, who make demands on a  More

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Over 15 years ago

Long cold winters, short cold springs, hot humid summers, nice  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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