Tonka Bay, MN Profile: Facts & Data

The City of Tonka Bay had a population of 1,454 as of July 1, 2024. Tonka Bay ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Tonka Bay is located at latitude 44.9086 and longitude -93.593 in Hennepin County. The formal boundaries for the City of Tonka Bay encompass a land area of 0.93 sq. miles and a water area of 0.06 sq. miles. Hennepin County is in the Central time zone (GMT -6).

The City of Tonka Bay has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Tonka Bay, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,454 (100%)
Population in Households	1,454 (100.0%)
Population in Families	1,256 (86.4%)
Population in Group Quarters¹	0
Population Density	1,549
Diversity Index²	22


INCOME
Median Household Income	$163,292
Average Household Income	$229,312
% of Income for Mortgage⁴	34%
Per Capita Income	$97,781
Wealth Index⁵	265
Socioeconomic Status Index⁶	High (66.0)

HOUSING
Total HU (Housing Units)	723 (100%)
Owner Occupied HU	520 (71.9%)
Renter Occupied HU	100 (13.8%)
Vacant Housing Units	103 (14.2%)
Median Home Value	$876,190
Average Home Value	$1,105,192
Housing Affordability Index³	71

HOUSEHOLDS
Total Households	620
Average Household Size	2.35
Family Households	479
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Tonka Bay, MN - Peer Comparisons by Rank and Percentile

The table below compares Tonka Bay to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.20%	0.15%
Households	1.34%	0.82%
Families		0.82%
Median Household Income		3.78%
Per Capita Income		3.42%
Owner Occupied HU		0.98%

Variable Description	Rank	Percentile
Total Population	# 302	67th
Population Density	# 129	86th
Median Household Income	# 15	98th
Housing Affordability Index	# 197	22nd
Per Capita Income	# 8	99th
Diversity Index	# 421	54th

Tonka Bay, MN Profile: Facts & Data

Tonka Bay, Minnesota - Basic Facts

Tonka Bay, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Tonka Bay, MN - Peer Comparisons by Rank and Percentile

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