Minnetonka Beach, MN is a city situated in Hennepin County that has much to offer its residents. The cost of two bedroom apartments and the grocery cost index are higher than the US national averages, with two bedroom apartments renting for $1,880 and grocery cost index at 109. Popular companies located in Minnetonka Beach include Shorewood Technologies, Minnesota Plastics Inc., and Hyperthreads which are all located near many parks and trails. Minnetonka Beach has a population of about 745 people according to the last census which makes it an ideal place to settle down and take advantage of all the city has to offer.
Minnetonka Beach has an unemployment rate of 4.2%. The US average is 6.0%.
Minnetonka Beach has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Minnetonka Beach
- The Sales Tax Rate for Minnetonka Beach is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Minnetonka Beach is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Minnetonka Beach
- The average income of a Minnetonka Beach resident is $131,437 a year. The US average is $37,638 a year.
- The Median household income of a Minnetonka Beach resident is $246,250 a year. The US average is $69,021 a year.