Income & Economy in Minnetonka city, MN (55345)
Median Income
$143,287
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,509
Wealth inflow
Population
21,255
Unemployment
1.9%
1.8pp below US avg
IRS migration statistics show a net inflow of about 1,509 for ZIP 55345 (Minnetonka city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 55345 (2020–Present)
Since 2020, population declined 3.7%, median income rose 7.8% (inflation-adjusted), home values increased 7.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $143,287 |
| Unemployment | 1.9% |
| Establishments | 675 |
| Employees | 7,854 |