Big city living isn’t for everyone–but at the same time, urban areas certainly have their perks.
There’s the culture, the food, the arts, the food, the energy, and you know, the food. But there are drawbacks. There’s traffic, expensive parking, expensive housing–pretty much, expensive everything, depending on which big city you’re looking at.
But that’s where the suburbs come in–they have all of the benefits of being near big cities, without actually having to be big cities.
Of course, not all suburbs of Minneapolis are created equally, which is precisely why we set out to find the best ones. So without further ado…
Here are the 10 best suburbs around Minneapolis for 2018:
- North Oaks (Photos)
- Shorewood (Photos)
- Elko New Market
- Hanover (Photos)
- Carver (Photos)
- Edina (Photos)
If you happen to be a resident of Deephaven, you’re probably not too surprised to find it on the top our list.
We’ll tell you what makes each of these 10 Minneapolis ‘burbs better than the rest–but first, a bit about our methodology.
Editor’s Note: If you see a slight difference between the best in state rankings and this suburb ranking, it’s because of the methodology. We needed a way to include more places, so we eliminated crime and commute times as criteria for this analysis.
How We Determined The Best Suburbs Around Minneapolis for 2018
Figuring out the best ‘burbs around Minneapolis was pretty simple; we just needed to list several things that people like, and then find out which cities have the most of those things.
We threw a lot of criteria at this one in order to get the best, most complete results possible:
- Low unemployment rate
- High Median household incomes
- Population density (lots of things to do)
- High home values
- A lot of college educated people
- Low poverty
- High rate of insured families
Then we used the newest American Community Survey data (2012-2016) to research each suburb.
FYI: We defined a suburb as being within 30 miles of Minneapolis.
Additionally, we limited the analysis to places that have over 2,000 people. This left us with a grand total of 110 suburbs to evaluate around Minneapolis.
We ranked each place with scores from 1 to 110 in each category, where 1 was the ‘best.
Next, we averaged the rankings for each place to create a quality of life index.
And finally, we crowned the city with the best quality of life index the ‘Best Suburb near Minneapolis.’ We’re lookin’ at you, Deephaven.
Read on below to learn more about what it’s like to live in the best of the best. Or skip to the end to see the list of all the suburbs ranked from best to worst.
Population: 3,786 Unemployment Rate: 2.3%
Median Home Price: $537,600
Median Income: $123,152
Deephaven is always mentioned as one of the best suburbs in the Minneapolis area. We’ll tell you the good about ‘Awesome Deephaven.’
Everyone here is rich; families average $123,152 a year, which is the 6th highest in the Minneapolis region. And only 2.3% are out of work. Homes average more than $537,600 each.
2. North Oaks
Population: 4,832Unemployment Rate: 1.4%
Median Home Price: $531,800
Median Income: $149,507
North Oaks is the second best ‘burb we looked at near Minneapolis for 2018.
It ranks 1st for incomes in the area and only 2.5% of residents lack insurance, good for 18th best.
Population: 8,385 Unemployment Rate: 2.1%
Median Home Price: $394,800
Median Income: $132,431
Here in Victoria, it’s really safe, and residents are just about as rich as you’ll see in the Minneapolis metro area.
The bad side? Schools are more crowded, and the cost of living puts a large part of the city out of reach for most families.
But price is based on demand and a lot of people want to live in Victoria.
Population: 7,548Unemployment Rate: 2.9%
Median Home Price: $428,100
Median Income: $123,629
Shorewood ranks as the 4th best suburb of Minneapolis for 2018.
You won’t find many better places to raise your kids in the region than in Shorewood and the schools are some of the best around.
5. Elko New Market
Population: 4,472 Unemployment Rate: 1.6%
Median Home Price: $268,200
Median Income: $113,583
Coming in as the fifth best is Elko New Market.
Elko New Market gets kudos for having the 32nd most expensive homes in the Minneapolis area, where houses sell for an average of $268,200. However, the cost of living here is among the highest in the area.
Population: 12,284Unemployment Rate: 1.7%
Median Home Price: $279,600
Median Income: $109,023
Rogers is proud of its 6th place finish on this list. And here’s why.
Most residents have great jobs and the unemployment rate sits at 1.7% which is 5th best in the area.
According to online reports, Rogers is quickly becoming one of the more affluent suburbs in the Minneapolis area, meaning you need to get in soon.
Population: 3,064Unemployment Rate: 2.4%
Median Home Price: $270,600
Median Income: $91,464
The 7th best suburb on our list goes to Hanover.
Hanover schools are some of the best in the region, and crime is really low. The cost of living makes it a lot more desirable for many families, especially first-time home buyers.
And, it’s only 23.5 miles to downtown, which is a good thing.
Population: 4,328Unemployment Rate: 1.4%
Median Home Price: $298,700
Median Income: $116,954
Carver is growing quickly, and for a good reason. Crime is far below average, and most residents are gainfully employed. Even the cost of living is reasonable.
A solid 0.6% of people lack insurance, good for 1st in the area.
Population: 49,976Unemployment Rate: 3.6%
Median Home Price: $424,500
Median Income: $91,847
Is ‘Everything Better In Edina?’
It placed 9th on our list thanks to the fact that it’s really expensive to live here, but the schools are great, so you get what you pay for in that regard.
Population: 4,134 Unemployment Rate: 3.7%
Median Home Price: $426,200
Median Income: $108,940
And rounding out the top ten for 2018 is Grant.
This city is far above average in every category, and the best part? It’s far more affordable than the other cities listed above. So, you get a big bang for your buck here.
Welcome to the Best Minneapolis ‘Burbs of 2018
We said it once and we’ll say it again–life in the big city isn’t for everyone. At least not all the time.
So if you’re hankering for some of the amenities of a larger city like Minneapolis, but don’t want to deal with the drawbacks, one of these suburbs might just be for you.
For more Minnesota reading , check out:
- These Are The 10 Snobbiest Places In Minnesota
- These Are The 10 Most Boring Places In Minnesota
- These Are The 10 Most Ghetto Cities In Minnesota