Minnetonka, MN vs Woodbury, MN

Minnetonka, MN and Woodbury, MN have a very similar cost of living, with only a 0.3% difference in their overall index. Minnetonka scores 127 while Woodbury scores 128 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Minnetonka is $1,758/month compared to $1,827/month in Woodbury — a 4% difference. Interestingly, home values tell a different story: while Minnetonka has cheaper rent, Woodbury actually has lower median home values ($434,900 vs $456,200).

Median household income in Minnetonka is $120,496 compared to $126,222 in Woodbury (-4.5%). While Woodbury is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Minnetonka spend roughly 17.5% of their income on rent, more than the 17.4% in Woodbury.

Climate-wise, both cities share similar average temperatures (46.7°F vs 46.5°F). Minnetonka receives more rainfall at 30.6" per year compared to 29.2" in Woodbury.