As of 2026 the population of Mahtomedi is 7,969. The population is expected to grow to 8,075 by 2031 - a growth rate of 0.26%.
The median age of Mahtomedi residents is 45.
The diversity index of Mahtomedi is 28.6, meaning that there is a 29% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Mahtomedi is $194,227 and projected to be $220,260 in 2031. Per capita income is $78,393, projected to be $90,131 in 2031. 12.76% of households – 1,017 – have an income of $200,000 or higher. Average net worth is $3,155,230 and the average disposable income is $132,318.
There are 3,344 housing units in Mahtomedi; 2,477 are owner-occupied, 728 are rented, and 139 are vacant. The average home value is $660,927, with 475 homes built in 2010 or later, and 393 built in 1939 or earlier.
There are 162 businesses in Mahtomedi, employing 1,545 workers and pulling from a labor force of 3,729 age 16 and above. 1,645 workers commute into Mahtomedi from outside the county or state. Key industries for the area include:
2,054 residents both live and work in/around Mahtomedi. The average travel time is 23.6 minutes. 6.04% people have a commute of less than 5 minutes while 1.27% commute 90 minutes or more each way. Of commuters, 2,437 drive alone, 56 carpool, and 8 take public transportation. 67 use other modes of transport such as motorcycle, bicycle, walking, etc. 1,161 residents work from home.
782 members of the workforce hold a high school diploma or GED. 455 have associates degrees, 2,108 have bachelor’s degrees, and 1,560 hold a graduate or professional degree.
Source: ESRI, 2026-09-09
