Richest Neighborhoods In Minneapolis, MN For 2020


We used science and data to determine which Minneapolis neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Minneapolis.
Richest Neighborhoods In Minneapolis

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Minneapolis has to offer. Where houses go for over 3.62x the national median and household incomes are 2.75x the national median.

But where exactly in Minneapolis do the richest of the rich people live? That would be Kenwood where the median income is a cool $151,512.

Here’s a look at the top 10 richest neighborhoods in Minneapolis out of 84 for 2020.

What’s the richest neighborhood to live in Minneapolis for 2020? According to the most recent census data, Kenwood looks to be the richest Minneapolis neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $1,206,066. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Minneapolis. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Minneapolis reading, check out the best neighborhoods in Minneapolis and the worst neighborhoods in Minneapolis. Or, for living around Minneapolis, out the best Minneapolis suburbs and the worst Minneapolis suburbs.

For more Minnesota reading, check out:

How We Determined The Wealthiest Neighborhoods In Minneapolis For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Minneapolis by median income from highest to lowest. The neighborhood with the highest median income, Kenwood, was named the richest neighborhood in Minneapolis.

The poorest neighborhood? That would be Ventura Village.

Now a look at how all the neighborhoods in Minneapolis ranked.

For more Minnesota reading, check out:

Detailed List Of The Richest Neighborhoods In Minneapolis For 2020

Rank Neighborhood Median Household Income<
1 Kenwood $151,512
2 Lynnhurst $138,952
3 Page $134,862
4 Fulton $128,282
5 Downtown East $112,808
6 Hale $112,757
7 Fuller Tangletown $109,940
8 Lowry Hill $107,949
9 Linden Hills $105,403
10 Kenny $103,601
11 Field $98,968
12 Armatage $98,760
13 East Bank-Nicollet Island $91,500
14 East Isles $90,156
15 Keewaydin $87,484
16 Cedar-Isles-Dean $86,313
17 Bryn Mawr $85,767
18 East Harriet $84,745
19 Regina $80,704
20 Kingfield $80,677
21 Ericsson $79,317
22 Audubon Park $77,013
23 Diamond Lake $76,468
24 East Calhoun $75,162
25 Northrup $75,015
26 Cooper $73,803
27 Morris Park $72,846
28 Standish $72,104
29 Waite Park $70,752
30 St Anthony West $69,541
31 Victory $68,678
32 Howe $68,547
33 Hiawatha $68,291
34 West Calhoun $67,578
35 North Loop $67,354
36 Bryant $65,570
37 Bancroft $65,550
38 Windom $64,540
39 Minnehaha $64,495
40 Shingle Creek $62,896
41 Downtown West $61,002
42 Wenonah $60,569
43 Calhoun $60,267
44 Corcoran $58,088
45 Columbia Park $57,275
46 Northeast Park $56,667
47 Windom Park $56,200
48 Longfellow $55,627
49 Sheridan $54,940
50 Lowry Hill East $51,801
51 Willard Hay $51,003
52 Cleveland $50,544
53 Powderhorn Park $49,671
54 Bottineau $49,236
55 Central $46,535
56 Beltrami $46,250
57 Mckinley $46,118
58 Lyndale $45,984
59 Midtown Phillips $45,543
60 Logan Park $44,992
61 Lind-Bohanon $43,588
62 Holland $43,451
63 Marshall Terrace $41,845
64 Prospect Park $41,558
65 Southeast Como $39,859
66 Loring Park $38,491
67 Folwell $37,590
68 East Phillips $37,590
69 Marcy Holmes $36,969
70 Harrison $36,201
71 Jordan $35,021
72 Whittier $33,639
73 Seward $33,168
74 University District $30,890
75 St Anthony East $30,682
76 Near North $30,544
77 Elliot Park $30,093
78 Webber-Camden $29,941
79 Sumner-Glenwood $28,805
80 Hawthorne $26,055
81 Stevens Square $25,698
82 Phillips West $22,313
83 Cedar-Riverside $22,286
84 Ventura Village $19,557

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.