Cost of Living in Minnetonka, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
168.8
100 = national avg
+68.8 vs national average
Living Wage (1 Adult)
$74,256
per year
Living Wage (Family of 4)
$175,513
per year
Cost Index by Category
Housing213.1
Food142.1
Transportation113.9
Healthcare133.7
Utilities147.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Minnetonka is 168.8, which is 68.8% above the national average. Housing costs are above the national average at an index of 213.1. A single adult needs to earn approximately $74,256 per year to cover basic expenses.