10 Most Expensive Places In Minnesota

Minnesota, also known as the “Land of 10,000 Lakes,” is a beautiful state in the Midwestern region of the United States. It offers a diverse range of attractions, from stunning natural landscapes to vibrant urban cities. However, some areas within Minnesota have gained a reputation for being more expensive than others. In this article, we will explore the ten most expensive places in Minnesota, shedding light on their unique features and attractions.

1. Wayzata

Situated on the shores of Lake Minnetonka, Wayzata is known for its luxurious lifestyle and breathtaking lakeside views. This affluent city boasts upscale restaurants, high-end boutiques, and beautiful parks. Residents enjoy a high standard of living and exceptional amenities, which contribute to the city’s high cost of living.

2. Edina

Located just southwest of downtown Minneapolis, Edina is a sought-after suburb with a reputation for elegance and sophistication. The city is famous for its top-rated schools, upscale shopping centers like the Galleria, and exclusive residential neighborhoods. Edina’s housing market tends to be on the higher end, attracting affluent individuals and families.

3. Minnetonka

Considered one of the wealthiest cities in Minnesota, Minnetonka is renowned for its picturesque landscapes, including its namesake Lake Minnetonka. The city offers a variety of recreational activities, such as boating, fishing, and hiking. With its upscale neighborhoods, excellent schools, and close proximity to Minneapolis, Minnetonka remains a desirable place to live, albeit with a higher price tag.

4. Orono

Situated on the northern shores of Lake Minnetonka, Orono is a small, exclusive city known for its large, luxurious homes. It offers a tranquil and private atmosphere, perfect for those seeking a retreat from the bustling city life. Orono’s natural beauty, combined with its high-end real estate options, contributes to its reputation as one of the most expensive places in Minnesota.

5. Deephaven

Located just west of Wayzata, Deephaven is another affluent city nestled along the shores of Lake Minnetonka. Its stunning scenery, charming neighborhoods, and proximity to Minneapolis make it an attractive destination for affluent individuals and families. Deephaven’s exclusivity and highly sought-after real estate drive up the cost of living in this picturesque community.

6. Excelsior

Boasting a vibrant downtown area and a stunning lakeside setting, Excelsior is a popular tourist destination and a desirable place to live. The city offers an array of boutique shops, art galleries, and upscale dining establishments. Its close-knit community, coupled with its beautiful lake views, makes Excelsior one of the pricier places in Minnesota.

7. North Oaks

North Oaks is a meticulously planned community located just north of St. Paul. Known for its abundance of parkland and preservation of natural beauty, this city offers a serene and upscale living environment. With private lakes, golf courses, and stunning homes, North Oaks attracts residents seeking a high-end lifestyle.

8. Medina

Medina, located on the western edge of the Twin Cities metropolitan area, is a city characterized by its large, estate-like properties. It offers a rural ambiance while still being within close proximity to urban amenities. Medina’s lush landscapes, equestrian facilities, and spacious homes contribute to its status as one of the most expensive places in Minnesota.

9. Lakeville

Situated in Dakota County, Lakeville is a thriving city known for its beautiful lakes, parks, and recreational opportunities. It offers a balanced mix of suburban comfort and natural beauty. Lakeville’s strong sense of community, excellent schools, and upscale housing options make it an attractive destination for those willing to invest in a higher cost of living.

10. Woodbury

Woodbury, located just east of St. Paul, is a rapidly growing city with a reputation for its quality of life and family-friendly atmosphere. It offers an abundance of parks, trails, and recreational facilities. With its well-regarded schools, shopping centers, and upscale neighborhoods, Woodbury has become one of the more expensive places to live in Minnesota.

In conclusion, Minnesota is home to several cities and communities known for their high cost of living. These ten places, including Wayzata, Edina, Minnetonka, Orono, Deephaven, Excelsior, North Oaks, Medina, Lakeville, and Woodbury, offer a combination of natural beauty, exclusive neighborhoods, and top-notch amenities. While the higher prices may deter some, these areas undoubtedly provide a luxurious and desirable lifestyle for those willing to invest in them.

*Disclaimer: The information provided in this article is for informational purposes only. The prices and rankings mentioned may vary over time and are subject to change.

FAQ

1. What makes Wayzata an expensive place in Minnesota?

   • Wayzata is known for its luxurious lifestyle, breathtaking lakeside views, upscale restaurants, high-end boutiques, and beautiful parks. These factors contribute to its high cost of living.

2. Why is Edina considered an expensive suburb in Minnesota?

   • Edina is renowned for its elegance and sophistication, with top-rated schools, upscale shopping centers like the Galleria, and exclusive residential neighborhoods. Its higher-end housing market attracts affluent individuals and families.

3. What factors contribute to Minnetonka being one of the wealthiest cities in Minnesota?

   • Minnetonka offers picturesque landscapes, recreational activities such as boating and fishing, upscale neighborhoods, excellent schools, and close proximity to Minneapolis. These factors contribute to its wealth and higher cost of living.

4. What makes Orono one of the most expensive places in Minnesota?

   • Orono is a small, exclusive city known for its large, luxurious homes and tranquil atmosphere on the northern shores of Lake Minnetonka. Its natural beauty and high-end real estate options contribute to its reputation as an expensive place.