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CITY

Shakopee

Minnesota · 49,366 residents (2025 est.) · 29.132 sq mi
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The short version

Shakopee is significantly wealthier than the US average, with a median household income of $107,223. The city has more than doubled in size since 2000, adding 25,444 residents. Median home value has more than doubled since 2000, reaching $374,800. Poverty is rare here, at 5.9% of residents. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 36.6
US median: 38.9
More educated
40% hold a bachelor's degree
US average: 36%
Less affordable
home values up 46%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
46,012
+124%since 2000
from 20,568 in 2000
1990 – 2025
Population density
1,579 / sq mi
+124%since 2000
from 706 / sq mi in 2000
US average: 281
Median age
36.6
+16%since 2000
from 31.5 in 2000
US average: 38.9

PEP 2025 EST:49,366 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
8K19K29K39K49K1990201020202024Shakopee
202446K
1990201020202024
Section 02

Income & economy

Median household income
$107,223
Unchangedinflation adjusted, since 2000
from $59,137 in 2000
US average: $82,259
1990 – 2024
Per capita income
$47,444
+89%since 2000
from $25,128 in 2000
US average: $44,673
Households earning $100K+
66.5%
+16.4 ptssince 2009
from 50.0% in 2009
US average: 53.3%
Poverty rate
5.9%
+2.4 ptssince 2000
from 3.5% in 2000
US average: 12.5%
Income inequality (Gini)
0.404
+16%since 2010
from 0.349 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade16.3%
US avg: 9.9%
Information14.2%
US avg: 10.8%
Other services10%
US avg: 6.7%
Public administration7.6%
US avg: 4.8%
Wholesale trade5.5%
US avg: 6.9%
Finance & insurance4.8%
US avg: 5.9%
Professional, scientific, technical4.1%
US avg: 5.1%
Transportation & warehousing2.3%
US avg: 2.2%
Arts, entertainment, food1.2%
US avg: 1.9%
Agriculture, forestry, fishing1%
US avg: 1.6%
Education & health services0.7%
US avg: 0.9%
Construction0.6%
US avg: 1.2%
Manufacturing0.4%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$374,800
+46%inflation adjusted, since 2000
from $141,300 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,531
+20%inflation adjusted, since 2000
from $700 in 2000
US average: $1,442
Owner-occupied
74.8%
−3.8 ptssince 2000
from 78.6% in 2000
25.2% rent
Vacancy rate
3.3%
−0.2 ptssince 2009
from 3.5% in 2009
US average: 10.0%
Owner cost-burdened
20.7%
−10.4 ptssince 2009
from 31.1% in 2009
US average: 22.9%
Renter cost-burdened
46.2%
+8.2 ptssince 2009
from 37.9% in 2009
US average: 47.4%
Afford Score
3.5
+46%since 2000
from 2.4 in 2000
1990 – 2024
Gentrification Score
43
RELATED:See current rent listings in Shakopee on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic89.6%(18,432)
Black1.3%(264)
Hispanic / Latino4.4%(906)
Asian2.4%(491)
Other0%
Diversity Score19.5%(4,003)
2024
White, non-Hispanic63.1%(29,027)
Black10.1%(4,657)
Hispanic / Latino8.5%(3,906)
Asian12.2%(5,610)
Other6.1%(2,812)
Diversity Score70.7%(32,552)
Diversity Score
71
+264%since 2000
from 19 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
40.4%
+14.6 ptssince 2000
from 25.8% in 2000
US average: 35.6%
High school or higher
91.4%
+2.0 ptssince 2000
from 89.4% in 2000
US average: 89.6%
Graduate degree
11.9%
+6.3 ptssince 2000
from 5.6% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
22.4 min
+63%since 2000
from 13.8 min in 2000
US average: 26.5
Drive alone to work
71.0%
−9.4 ptssince 2009
from 80.4% in 2009
US average: 68.9%
Carpooled to work
7.5%
−3.2 ptssince 2009
from 10.7% in 2009
US average: 8.5%
Public transit
0.3%
−2.2 ptssince 2009
from 2.5% in 2009
US average: 3.2%
Worked from home
18.3%
+14.3 ptssince 2009
from 4.0% in 2009
US average: 15.0%
Walked to work
0.3%
−0.8 ptssince 2009
from 1.1% in 2009
US average: 2.4%
Biked to work
0.1%
−0.2 ptssince 2009
from 0.3% in 2009
US average: 0.4%
No vehicle available
5.5%
+1.4 ptssince 2009
from 4.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.7%
−2.1 ptssince 2011
from 5.8% in 2011
US average: 5.2%
Labor force participation
75.0%
−5.4 ptssince 2011
from 80.4% in 2011
US average: 63.5%
Self-employed
8.7%
−0.1 ptssince 2009
from 8.8% in 2009
US average: 13.1%
Management & professional
42.5%
−26.5 ptssince 2009
from 68.9% in 2009
US average: 42.5%
Section 08

People & community

Male
49.2%
−1.2 ptssince 2009
from 50.3% in 2009
Female
50.8%
+1.2 ptssince 2009
from 49.7% in 2009
Foreign born
16.8%
+3.4 ptssince 2009
from 13.4% in 2009
US average: 14.1%
Veterans
4.5%
−45.0 ptssince 2009
from 49.5% in 2009
US average: 6.2%
With a disability
9.5%
+2.9 ptssince 2012
from 6.6% in 2012
US average: 13.3%
Uninsured
5.3%
−86.3 ptssince 2013
from 91.6% in 2013
US average: 8.4%
Broadband at home
95.7%
+9.3 ptssince 2017
from 86.4% in 2017
US average: 91.0%
English only at home
77.0%
−3.7 ptssince 2016
from 80.7% in 2016
US average: 77.7%
Spanish at home
5.9%
−0.7 ptssince 2016
from 6.6% in 2016
US average: 13.6%
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Compare Shakopee to nearby cities

SHAKOPEE VS
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Income$134,255+25%
Home value$450,700+20%
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SHAKOPEE VS
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Home value$473,900+26%
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SHAKOPEE VS
Savage
Income$125,513+17%
Home value$432,300+15%
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SHAKOPEE VS
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Income$143,651+34%
Home value$566,300+51%
Population25,748−48%
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Frequently asked

How many people live in Shakopee, Minnesota?

Shakopee, Minnesota has about 46,012 residents according to the 2024 American Community Survey.

What is the median household income in Shakopee, Minnesota?

The typical household in Shakopee, Minnesota earns about $107,223 a year. Half of households make more than that, and half make less.

Is Shakopee, Minnesota expensive?

In Shakopee, Minnesota, the median home is worth about $374,800, and the typical rent is about $1,531 a month.

How educated are people in Shakopee, Minnesota?

About 40.4% of adults age 25 and over in Shakopee, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Shakopee, Minnesota?

About 5.9% of people in Shakopee, Minnesota live below the federal poverty line.

Has Shakopee, Minnesota grown since 1990?

Yes, Shakopee, Minnesota has grown since 1990. The population has added about 34,273 residents, a change of about 292 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →