The 10 Best Assisted Living Facilities in Minnetonka, MN for 2023

Minnetonka is a suburb southwest of Minneapolis and is home to more than 53,000 residents. Seniors 65 and older make up about 20.8% of the population. While Minnetonka’s cost of living is on the high side, the lakefront landscape, low crime rate and easy access to award-winning hospitals make it a top-notch retirement destination for many seniors. The Mayo Clinic is in nearby St. Mary’s, while hospitals such as the Minnetonka Medical Center offer emergency assistance.

Seniors can explore assisted living options in this suburb. Assisted living care typically includes medication management, meal preparation services, housekeeping and other personal care services. Older adults in the area pay an average of $5,163 per month for assisted living. This level of care is about $663 more than the national median and $655 more than the statewide average.

This guide outlines various care options and the costs associated with them in Minnetonka. It also includes a resource list to help seniors find local programs that could benefit them.

The Minnesota Department of Health issues all assisted living licenses through the Health Regulation Division. Comprehensive application requirements and routine inspections help give seniors access to safe and healthy residential care options that focus on the quality of life. 

• While the general cost of living is on the high side all over Minnesota, health care costs are very affordable in Minnetonka. The city’s seniors save 24.2% on health-related costs compared with the national average. When compared with the state average, Minnetonka seniors save a bit more than 2%. 
• Minnetonka can be a great choice for a safe retirement, given its crime index. The city has a violent crime ranking of just 9.9 out of 100, which is well below the national average of 22.7. It also scores well in the property crime category with a 25.6 versus the 35.4 that makes up the nationwide score.
• Minnetonka offers pleasant summers and long fall and spring seasons. The city does get plenty of snow and colder weather during the winter, but that might not concern people in an assisted living community where there’s no need for residents to shovel snow.
• Minnesota taxes pensions and other retirement income sources, but it offers programs such as property tax deferment and free tax assistance to seniors who earn less than $60,000 per year. Seniors can get assistance navigating IRS programs and negotiating with tax assessors. 
• Seniors can get emergency medical services at hospitals such as the North Memorial Health Clinic and one of the many HealthPartners locations that serve Minnesota. A high number of Medicare-registered physicians also practice in the Minnetonka area. 

The average cost of assisted living in Minnetonka is $5,163, and the cost of care can go up or down depending on factors such as location, amenities and services. 

Minnetonka assisted living costs are the most expensive in Minnesota. Seniors can expect to pay $655 more than the state average and $663 more than the national average. Mankato, the most affordable option, is $2,028 less per month, while Minnetonka’s nearest neighboring cities, Rochester and St. Cloud, are mid-range at $980 and $1,063 less, respectively. Duluth, at $163 less expensive, has assisted living prices that are most comparable to Minnetonka’s. 

At $5,163 per month, assisted living falls in the middle of the range for long-term care costs in Minnetonka. In-home care and home health care both cost $7,055 per month, which is $1,892 more than assisted living. Adult day health care is more affordable but has limited availability. However, seniors who have other home care options can save $3,061 per month with adult day care. Nursing home care is the highest level of care and the most expensive at $6,545 more than assisted living. 

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits 
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Minnesota page.