Minnetonka vs Richfield

A side-by-side comparison of Minnetonka and Richfield: population, income, housing, and more.

Minnetonka and Richfield are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Minnetonka has the higher population (53,256 vs 36,725 in Richfield). Minnetonka has the higher median household income ($120,496 vs $84,055 in Richfield). Minnetonka has the higher median home value ($456,200 vs $320,400 in Richfield).

Population, income & housing

	Minnetonka	Richfield
Population	53,256	36,725
Median age	42.8 yrs	38.9 yrs
Median household income	$120,496	$84,055
Median home value	$456,200	$320,400
Median gross rent	$1,758	$1,334
Housing units	24,595	16,759
Homeownership rate	72.5%	62.4%
Bachelor's degree or higher	63.3%	44.3%
Unemployment rate	2.2%	5.1%

Trends (ACS 5-year, 2019–2023)

	Minnetonka	Richfield
Population	53,025 → 53,256 (+0.4%)	36,063 → 36,725 (+1.8%)
Median household income	$95,630 → $120,496 (+26.0%)	$66,908 → $84,055 (+25.6%)
Median home value	$347,900 → $456,200 (+31.1%)	$225,200 → $320,400 (+42.3%)
Median gross rent	$1,428 → $1,758 (+23.1%)	$1,079 → $1,334 (+23.6%)

Minnetonka

Population

53,02553,256

Median household income

$95,630$120,496

Median home value

$347,900$456,200

Median gross rent

$1,428$1,758

Richfield

Population

36,06336,725

Median household income

$66,908$84,055

Median home value

$225,200$320,400

Median gross rent

$1,079$1,334

Age & race/ethnicity

Age distribution (share)

	Minnetonka	Richfield
Under 5	6.4%	5.2%
5 to 17	15.1%	13.5%
18 to 24	4.4%	6.9%
25 to 34	14.1%	17.3%
35 to 44	12.3%	17.3%
45 to 54	11.8%	9.6%
55 to 64	13.6%	11.3%
65 to 74	13.3%	11.3%
75 and over	8.9%	7.5%

Race & ethnicity (share)

	Minnetonka	Richfield
White (non-Hispanic)	80.8%	61.1%
Black or African American	3.8%	9.9%
American Indian & Alaska Native	0.1%	0.4%
Asian	6.7%	6.2%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.4%	0.7%
Two or more races	4.1%	3.5%
Hispanic or Latino	4.1%	18.4%

Educational attainment (age 25+)

Share of adults 25+

	Minnetonka	Richfield
No high school diploma	2.7%	8.6%
High school graduate	11.5%	19.6%
Some college or associate's	22.6%	27.5%
Bachelor's degree	38.4%	31.3%
Graduate or professional degree	24.9%	13.0%

Commute to work

How workers get to work (share)

	Minnetonka	Richfield
Drove alone	66.3%	68.1%
Carpooled	4.7%	6.8%
Public transit	0.9%	4.3%
Walked	1.3%	2.6%
Bicycle	0.4%	0.3%
Worked from home	25.8%	15.7%
Other means	0.6%	2.1%

Housing

Units in structure (share)

	Minnetonka	Richfield
1-unit, detached	54.2%	59.2%
1-unit, attached	10.6%	2.3%
2 to 4 units	2.2%	2.5%
5 to 19 units	1.8%	11.1%
20 or more units	31.3%	24.8%
Mobile home & other	0.0%	0.2%

Poverty & households

	Minnetonka	Richfield
Poverty rate	4.8%	7.3%
Average household size	2.27	2.24
Mean commute (minutes)	20	23
Median year structure built	1980	1959