Housing costs in Minnetonka?
A typical home costs
$412,600, which is 22.0% more expensive than the national average of
$338,100 and 33.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minnetonka costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and 28.7% more than the state average of
$1,240.
Can I afford Minnetonka?
To live comfortably in Minnetonka, Minnesota, a minimum annual income of
$79,200 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Minnetonka?
Minnetonka, MN has an overall above average cost of living thanks largely in part to its high real estate values and tax rates but can vary depending on location so one must shop around if they want the best bargain available during their search for a place to call home. Otherwise housing prices remain quite reasonable when compared other towns and cities in Minnesota making this town both attractive yet still relatively expensive all at once too.