Living in Hopkins, Minnesota
Cost of living, income, home prices, rent and demographics of Hopkins · Census data 2020–2024
Hopkins has 18,819 residents with a median age of 37.8. The median household income is $75,234 (16% lower than the Minnesota median), the median home value is $375,600, the median rent is $1,468/month.
Hopkins at a glance
- Population
- 18,819
- Median age
- 37.8State: 38.8
- Median household income
- $75,234State: $89,062
- Median home value
- $375,600State: $329,300
- Median rent
- $1,468/moState: $1,280
- Homeowners
- 36.5%
- Bachelor's degree or higher
- 45.6%
- Average commute
- 19 min
Is Hopkins a good place to live?
Pros: An average commute of 19 minutes.
Cons: Median household income 16% lower than the Minnesota median; home values 14% higher than the state median; unemployment of 6.4%; a poverty rate of 12.1%.
The weather is best in June to September.
Cost of living in Hopkins
Housing is the biggest part of the cost of living. In Hopkins the median home value is $375,600, 13% higher than the U.S. median. Renters pay a median of $1,468 per month, which is 29.3% of household income. Homeowners with a mortgage pay $2,116 a month in housing costs.
Hopkins median household income
The median household income in Hopkins is $75,234 and the income per person is $48,787. 12.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Hopkins: homes for sale and rent
- Housing units
- 10,146
- Owner-occupied
- 36.5%
- Renter-occupied
- 63.5%
- Vacant
- 5.9%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 1.94
Hopkins demographics
- Population
- 18,819
- Median age
- 37.8
- Under 18
- 18.4%
- 65 and older
- 17.1%
- Households
- 9,547
- Foreign-born
- 13.8%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Hopkins ›
Education in Hopkins
45.6% of adults 25 and older in Hopkins have a bachelor's degree or higher (Minnesota: 39.4%), and 14.4% have a graduate or professional degree.
Jobs and commute in Hopkins
- Unemployment rate
- 6.4%State: 4.1%
- Average commute
- 19 minState: 23 min
- Work from home
- 21%
- Drive alone
- 62.5%
- Public transit
- 3.4%
- Walk to work
- 2.4%
- Homes with broadband
- 90.4%
Hopkins vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hopkins | 18,819 | $75,234 | $375,600 | $1,468 |
| St. Louis Park | 49,594 | $101,648 | $386,800 | $1,644 |
| Minnetonka | 53,064 | $119,517 | $475,800 | $1,779 |
| Edina | 53,262 | $128,767 | $646,300 | $1,844 |
| Medicine Lake | 596 | $183,750 | $1,083,300 | $1,150 |
| Golden Valley | 21,725 | $108,772 | $431,400 | $1,785 |
| Eden Prairie | 63,051 | $130,489 | $473,900 | $1,833 |
| Woodland | 477 | $190,000 | $1,185,300 | — |
| Deephaven | 3,793 | $197,679 | $935,900 | — |
More for people moving to Hopkins
Hopkins ZIP code ›Weather and climate ›Living in Hopkins: FAQ
What is the median household income in Hopkins, MN?
The median household income in Hopkins is $75,234, 16% lower 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 Hopkins?
The median home value in Hopkins is $375,600, compared with $329,300 in Minnesota.
How much is rent in Hopkins?
The median gross rent in Hopkins is $1,468 per month, about 29.3% of household income.
Is Hopkins, MN a good place to live?
Pluses: an average commute of 19 minutes. Minuses: median household income 16% lower than the Minnesota median; home values 14% higher than the state median; unemployment of 6.4%; a poverty rate of 12.1%.
What is the median age in Hopkins?
The median age in Hopkins is 37.8 years (Minnesota: 38.8).
How long is the commute in Hopkins?
The average commute to work in Hopkins is 19 minutes; 21% of workers work from home.
What is the unemployment rate in Hopkins?
The unemployment rate in Hopkins is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hopkins?
45.6% of adults in Hopkins 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.
Last updated: