Cost of living in Minnetonka

In Minnetonka, United States, living costs about $2297 per month for one person and $4859 for a family of four, including rent.

How expensive is Minnetonka compared to other cities?

Overall living costs in Minnetonka are 61% more expensive than the European benchmark.

How does Minnetonka compare to your city?

Minnetonka is 41% cheaper than New York City, without rent.

Rent in Minnetonka is, on average, 44% lower than in New York City.

What drives the cost of living in Minnetonka?

Who is Minnetonka a good fit for?

Minnetonka is a better match for people who prioritize lifestyle benefits and can afford the premium driven by rent & utilities and food. For most moderate-income households, housing costs are the main barrier.

FAQ

Why is Minnetonka so expensive?

The high cost of living in Minnetonka is primarily driven by rent & utilities, which significantly exceed typical expenses. This premium can make it challenging for many to afford housing in the area.

Is food expensive in Minnetonka?

Yes, food costs in Minnetonka are 32% higher than the European benchmark. This increase adds to the overall living expenses for residents.

Is public transport affordable in Minnetonka?

Public transport in Minnetonka is 10% lower than the European benchmark. This makes it a relatively affordable option for getting around the city.

Cost of living breakdown

Cost of Living, one person, including rent
2297 $
Without Rent
839 $
Rent & Utilities
1458 $
Food
628 $
Transport
67 $
Monthly Salary, after tax
4986 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
53.8K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 18.2 $
Dinner 74.5 $
Fast food, McDonalds or KFC 10.7 $
Beer, 0.5 L or 16 fl oz 5.99 $
Capuccino 5.46 $
Coke, 330ml 2.37 $

Compare Minnetonka with:

Markets

Milk, 1 L or 1 qt 1.02 $
Bread, 0.5 kg or 1 lb 3.55 $
Rice, 1 kg or 2 lb 4.51 $
Eggs, 12 pack 3.43 $
Cheese, 1 kg or 2 lb 11.9 $
Chicken Breast, 1 kg or 2 lb 12.8 $
Round Steak, 1 kg or 2 lb 16.1 $
Apples, 1 kg or 2 lb 5.04 $
Banana, 1 kg or 2 lb 1.77 $
Oranges, 1 kg or 2 lb 5.48 $
Tomato, 1 kg or 2 lb 5.03 $
Potato, 1 kg or 2.2 lb 3.52 $
Onion, 1 kg or 2.2 lb 3.29 $
Water, 1 L or 1 qt 1.37 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.23 $
Wine, 750 mL bottle 13 $
Beer, 0.5 L or 16 fl oz 1.92 $
Cigarette pack 10.6 $

Transportation

One-way Ticket 2.69 $
Monthly Pass 90.4 $
Gas or Petrol, 1l or 0.26 gal 0.92 $
Taxi, 8 km 17.1 $

Personal Care

Doctor Visit, private clinic 104 $
Cold medicine, for 1 week 8.23 $
Hair Shampoo, 400 ml or 12 oz. 5.06 $
Toilet paper, 4 rolls 3.4 $
Toothpaste, 1 tube 1.92 $

Utilities per Month

1 person, electricity, heating, water & garbage 121 $
Family of 4, electricity, heating, water & garbage 184 $
Internet plan, +60 Mbps 68.4 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,247 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,691 $
1 Bedroom Apartment, in city center, 40 sq.m 1,357 $
3 Bedroom Apartment, in city center, 85 sq.m 1,830 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 3,012 $
Price per Square Meter to Buy House, in suburbs 2,503 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,986 $
Mortgage Interest Rate, for 20 years fixed-rate 6.58%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 44.3 $
Cinema, 1 seat 14.4 $
Haircut 15.6 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 85.5 $
Brand Jeans, Levis 501 44.5 $

Childcare

Preschool, full day, monthly for 1 child 1,416 $
International Primary School, yearly for 1 child 26,209 $

Compare Minnetonka with other top cities

Cayman Islands
Minnetonka vs George Town (George Town is 59% more expensive)
Bahamas
Minnetonka vs Nassau (Nassau is 20% more expensive) Minnetonka vs Freeport (Freeport is 4% less expensive)
Vanuatu
Minnetonka vs Port Vila (Port Vila is 2% more expensive) Minnetonka vs Luganville (Luganville is 33% more expensive)
United States
Minnetonka vs New York City (New York City is 76% more expensive) Minnetonka vs Los Angeles (Los Angeles is 39% more expensive) Minnetonka vs Chicago (Chicago is 16% more expensive) Minnetonka vs Houston (Houston is 2% less expensive) Minnetonka vs Phoenix (Phoenix is 3% more expensive) Minnetonka vs Philadelphia (Philadelphia is 11% more expensive) Minnetonka vs San Antonio (San Antonio is 4% less expensive) Minnetonka vs San Diego (San Diego is 46% more expensive) Minnetonka vs Dallas (Dallas is 11% more expensive) Minnetonka vs San Jose (San Jose is 60% more expensive)
Canada
Minnetonka vs Toronto (Toronto is 12% more expensive) Minnetonka vs Montreal (Montreal is 15% less expensive) Minnetonka vs Calgary (Calgary is 6% less expensive) Minnetonka vs Ottawa (Ottawa is 3% less expensive) Minnetonka vs Edmonton (Edmonton is 22% less expensive) Minnetonka vs Winnipeg (Winnipeg is 24% less expensive) Minnetonka vs Mississauga (Mississauga is 8% more expensive) Minnetonka vs Vancouver (Vancouver is 15% more expensive) Minnetonka vs Brampton (Brampton is 7% less expensive) Minnetonka vs Hamilton (Hamilton is 6% less expensive)
Barbados
Minnetonka vs Bridgetown (Bridgetown is 41% less expensive) Minnetonka vs Holetown (Holetown is 39% less expensive)
Panama
Minnetonka vs Panama City (Panama City is 40% less expensive) Minnetonka vs Colon (Colon is 49% less expensive) Minnetonka vs Tocumen (Tocumen is 46% less expensive) Minnetonka vs Santiago de Veraguas (Santiago de Veraguas is 54% less expensive) Minnetonka vs David (David is 64% less expensive) Minnetonka vs La Chorrera (La Chorrera is 59% less expensive) Minnetonka vs Balboa (Balboa is 46% less expensive) Minnetonka vs Pacora (Pacora is 46% less expensive) Minnetonka vs Chitre (Chitre is 53% less expensive) Minnetonka vs Penonome (Penonome is 52% less expensive)
Saint Kitts And Nevis
Minnetonka vs Basseterre (Basseterre is 46% less expensive) Minnetonka vs Cayon (Cayon is 46% less expensive)
Cuba
Minnetonka vs Havana (Havana is 55% less expensive) Minnetonka vs Santiago de Cuba (Santiago de Cuba is 38% less expensive) Minnetonka vs Holguin (Holguin is 44% less expensive) Minnetonka vs Camaguey (Camaguey is 34% less expensive) Minnetonka vs Santa Clara (Santa Clara is 54% less expensive) Minnetonka vs Bayamo (Bayamo is 49% less expensive) Minnetonka vs Guantanamo (Guantanamo is 32% less expensive) Minnetonka vs Las Tunas (Las Tunas is 32% less expensive) Minnetonka vs Pinar del Rio (Pinar del Rio is 52% less expensive) Minnetonka vs Cienfuegos (Cienfuegos is 62% less expensive)
Costa Rica
Minnetonka vs San Jose (San Jose is 46% less expensive) Minnetonka vs Limon (Limon is 48% less expensive) Minnetonka vs Liberia (Liberia is 61% less expensive) Minnetonka vs Alajuela (Alajuela is 46% less expensive) Minnetonka vs Puntarenas (Puntarenas is 44% less expensive) Minnetonka vs Cartago (Cartago is 58% less expensive) Minnetonka vs Heredia (Heredia is 46% less expensive) Minnetonka vs Tamarindo (Tamarindo is 27% less expensive) Minnetonka vs Santa Teresa (Santa Teresa is 43% less expensive)
Saint Lucia
Minnetonka vs Castries (Castries is 50% less expensive) Minnetonka vs Vieux Fort (Vieux Fort is 48% less expensive)
Jamaica
Minnetonka vs Kingston (Kingston is 42% less expensive) Minnetonka vs Spanish Town (Spanish Town is 66% less expensive) Minnetonka vs Montego Bay (Montego Bay is 56% less expensive) Minnetonka vs Half Way Tree (Half Way Tree is 49% less expensive) Minnetonka vs May Pen (May Pen is 64% less expensive) Minnetonka vs Mandeville (Mandeville is 57% less expensive) Minnetonka vs Old Harbour (Old Harbour is 63% less expensive) Minnetonka vs Linstead (Linstead is 54% less expensive) Minnetonka vs Savanna-la-Mar (Savanna-la-Mar is 51% less expensive) Minnetonka vs Port Antonio (Port Antonio is 50% less expensive)
El Salvador
Minnetonka vs San Salvador (San Salvador is 48% less expensive) Minnetonka vs Santa Ana (Santa Ana is 69% less expensive) Minnetonka vs Soyapango (Soyapango is 49% less expensive) Minnetonka vs San Miguel (San Miguel is 53% less expensive) Minnetonka vs Mejicanos (Mejicanos is 49% less expensive) Minnetonka vs Apopa (Apopa is 50% less expensive) Minnetonka vs Santa Tecla (Santa Tecla is 48% less expensive) Minnetonka vs Ahuachapan (Ahuachapan is 37% less expensive) Minnetonka vs Usulutan (Usulutan is 53% less expensive) Minnetonka vs Sonsonate (Sonsonate is 62% less expensive)
Antigua And Barbuda
Minnetonka vs St. John's (St. John's is 53% less expensive) Minnetonka vs All Saints (All Saints is 53% less expensive)
Grenada
Minnetonka vs St. George's (St. George's is 54% less expensive) Minnetonka vs Grenville (Grenville is 54% less expensive)
Dominica
Minnetonka vs Roseau (Roseau is 56% less expensive) Minnetonka vs Portsmouth (Portsmouth is 50% less expensive)
Saint Vincent
Minnetonka vs Kingstown (Kingstown is 57% less expensive) Minnetonka vs Georgetown (Georgetown is 56% less expensive)
Belize
Minnetonka vs Belize City (Belize City is 62% less expensive) Minnetonka vs San Ignacio (San Ignacio is 53% less expensive) Minnetonka vs Belmopan (Belmopan is 68% less expensive) Minnetonka vs San Pedro Town (San Pedro Town is 42% less expensive) Minnetonka vs Caye Caulker (Caye Caulker is 32% less expensive)
Guatemala
Minnetonka vs Guatemala City (Guatemala City is 56% less expensive) Minnetonka vs Mixco (Mixco is 72% less expensive) Minnetonka vs Coban (Coban is 60% less expensive) Minnetonka vs Quetzaltenango (Quetzaltenango is 66% less expensive) Minnetonka vs Jalapa (Jalapa is 61% less expensive) Minnetonka vs San Miguel Petapa (San Miguel Petapa is 61% less expensive) Minnetonka vs Momostenango (Momostenango is 62% less expensive) Minnetonka vs Mazatenango (Mazatenango is 62% less expensive) Minnetonka vs Flores (Flores is 63% less expensive) Minnetonka vs Panajachel (Panajachel is 66% less expensive)
Honduras
Minnetonka vs Tegucigalpa (Tegucigalpa is 64% less expensive) Minnetonka vs San Pedro Sula (San Pedro Sula is 55% less expensive) Minnetonka vs Choloma (Choloma is 74% less expensive) Minnetonka vs La Ceiba (La Ceiba is 72% less expensive) Minnetonka vs El Progreso (El Progreso is 62% less expensive) Minnetonka vs Villanueva (Villanueva is 62% less expensive) Minnetonka vs Comayagua (Comayagua is 69% less expensive) Minnetonka vs Puerto Cortes (Puerto Cortes is 69% less expensive) Minnetonka vs Yoro (Yoro is 68% less expensive) Minnetonka vs La Lima (La Lima is 62% less expensive)
Dominican Republic
Minnetonka vs Santiago de los Caballeros (Santiago de los Caballeros is 65% less expensive) Minnetonka vs Santo Domingo (Santo Domingo is 54% less expensive) Minnetonka vs Puerto Plata (Puerto Plata is 67% less expensive) Minnetonka vs Higuey (Higuey is 67% less expensive) Minnetonka vs La Vega (La Vega is 75% less expensive) Minnetonka vs San Cristobal (San Cristobal is 64% less expensive) Minnetonka vs San Pedro de Macoris (San Pedro de Macoris is 68% less expensive) Minnetonka vs San Francisco de Macoris (San Francisco de Macoris is 77% less expensive) Minnetonka vs San Juan de la Maguana (San Juan de la Maguana is 73% less expensive) Minnetonka vs Bonao (Bonao is 76% less expensive)
Nicaragua
Minnetonka vs Managua (Managua is 66% less expensive) Minnetonka vs Leon (Leon is 72% less expensive) Minnetonka vs Masaya (Masaya is 69% less expensive) Minnetonka vs Matagalpa (Matagalpa is 76% less expensive) Minnetonka vs Chinandega (Chinandega is 72% less expensive) Minnetonka vs Esteli (Esteli is 74% less expensive) Minnetonka vs Granada (Granada is 70% less expensive) Minnetonka vs Jinotega (Jinotega is 80% less expensive) Minnetonka vs Juigalpa (Juigalpa is 71% less expensive) Minnetonka vs San Juan del Sur (San Juan del Sur is 61% less expensive)