Living in Deephaven, Minnesota
Cost of living, income, home prices, rent and demographics of Deephaven · Census data 2020–2024
Deephaven has 3,793 residents with a median age of 48.4. The median household income is $197,679 (122% higher than the Minnesota median), the median home value is $935,900.
Deephaven at a glance
- Population
- 3,793
- Median age
- 48.4State: 38.8
- Median household income
- $197,679State: $89,062
- Median home value
- $935,900State: $329,300
- Homeowners
- 89.3%
- Bachelor's degree or higher
- 83.5%
- Average commute
- 26 min
Is Deephaven a good place to live?
Pros: Median household income 122% higher than the Minnesota median; unemployment of 1.7%; a poverty rate of 1.7%.
Cons: Home values 184% higher than the state median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Deephaven
Housing is the biggest part of the cost of living. In Deephaven the median home value is $935,900, 181% higher than the U.S. median. Renters pay a median of — per month, which is 31% of household income. Homeowners with a mortgage pay $3,336 a month in housing costs.
Deephaven median household income
The median household income in Deephaven is $197,679 and the income per person is $146,525. 1.7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Deephaven: homes for sale and rent
- Housing units
- 1,599
- Owner-occupied
- 89.3%
- Renter-occupied
- 10.7%
- Vacant
- 5.9%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.50
Deephaven demographics
- Population
- 3,793
- Median age
- 48.4
- Under 18
- 23.3%
- 65 and older
- 17.7%
- Households
- 1,504
- Foreign-born
- 3.7%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Deephaven ›
Education in Deephaven
83.5% of adults 25 and older in Deephaven have a bachelor's degree or higher (Minnesota: 39.4%), and 34.1% have a graduate or professional degree.
Jobs and commute in Deephaven
- Unemployment rate
- 1.7%State: 4.1%
- Average commute
- 26 minState: 23 min
- Work from home
- 41.7%
- Drive alone
- 51.1%
- Public transit
- 3.8%
- Walk to work
- 0.5%
- Homes with broadband
- 89.8%
Deephaven vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Deephaven | 3,793 | $197,679 | $935,900 | — |
| Woodland | 477 | $190,000 | $1,185,300 | — |
| Greenwood | 699 | $215,278 | $1,240,400 | $1,885 |
| Village of Minnetonka Beach | 469 | $250,001 | $2,000,001 | — |
| Excelsior | 2,570 | $103,068 | $909,200 | $1,143 |
| Wayzata | 4,354 | $131,614 | $1,153,400 | $1,782 |
| Tonka Bay | 1,270 | $156,458 | $917,100 | $2,320 |
| Minnetonka | 53,064 | $119,517 | $475,800 | $1,779 |
| Orono | 8,195 | $173,527 | $1,004,500 | $1,818 |
More for people moving to Deephaven
Deephaven ZIP code ›Weather and climate ›Living in Deephaven: FAQ
What is the median household income in Deephaven, MN?
The median household income in Deephaven is $197,679, 122% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Deephaven?
The median home value in Deephaven is $935,900, compared with $329,300 in Minnesota.
Is Deephaven, MN a good place to live?
Pluses: median household income 122% higher than the Minnesota median; unemployment of 1.7%; a poverty rate of 1.7%. Minuses: home values 184% higher than the state median; an average commute of 26 minutes.
What is the median age in Deephaven?
The median age in Deephaven is 48.4 years (Minnesota: 38.8).
How long is the commute in Deephaven?
The average commute to work in Deephaven is 26 minutes; 41.7% of workers work from home.
What is the unemployment rate in Deephaven?
The unemployment rate in Deephaven is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Deephaven?
83.5% of adults in Deephaven have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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