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This question is about Minnetonka, MN.
What is a good salary in Minnetonka, MN?
A good salary in Minnetonka, MN is anything over $73,000. That's because the median income in Minnetonka is $73,000, which means if you earn more than that you're earning more than 50% of the people living in Minnetonka. The average salary in Minnetonka is $89,081.
A good hourly wage in Minnetonka is $35.1 per hour. That works out to a good weekly wage of $1,403 per week and a good monthly wage of $6,083 per month. However, using the median income is only one way to calculate a good salary in Minnetonka.
Another way to calculate a good salary in Minnetonka is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $347,900, a good salary in Minnetonka would be $69,580.
Lastly, we can determine a good salary in Minnetonka by looking at the cost of living and comparing it to the US average salary. The cost of living in Minnetonka is 19% higher than than the national average. The national average salary is $56,310, so a good salary in Minnetonka is anything over $67,572 by this measure.
Average Annual Salary in Minnetonka, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $33,000 | $2,750 | $634 | $15.87 |
| 25th | $49,000 | $4,083 | $942 | $23.56 |
| Median | $73,000 | $6,083 | $1,403 | $35.1 |
| 75th | $111,000 | $9,250 | $2,134 | $53.37 |
| 90th | $161,000 | $13,416 | $3,096 | $77.4 |
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