As of 2024 the population of Mahtomedi is 7,985. The population is expected to grow to 8,050 by 2029 - a growth rate of 0.16%.
The median age of Mahtomedi residents is 44.
The diversity index of Mahtomedi is 28.2, meaning that there is a 28% 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 $182,535 and projected to be $205,934 in 2029. Per capita income is $72,045, projected to be $82,209 in 2029. 12.4% of households – 990 – have an income of $200,000 or higher. Average net worth is $2,586,179 and the average disposable income is $117,785.
There are 3,271 housing units in Mahtomedi; 2,389 are owner-occupied, 762 are rented, and 120 are vacant. The average home value is $631,959, with 407 homes built in 2010 or later, and 460 built in 1939 or earlier.
There are 181 businesses in Mahtomedi, employing 1,839 workers and pulling from a labor force of 3,786 age 16 and above. 2,021 workers commute into Mahtomedi from outside the county or state. Key industries for the area include:
1,720 residents both live and work in/around Mahtomedi. The average travel time is 24.4 minutes. 5.87% people have a commute of less than 5 minutes while 1.28% commute 90 minutes or more each way. Of commuters, 2,636 drive alone, 122 carpool, and 19 take public transportation. 58 use other modes of transport such as motorcycle, bicycle, walking, etc. 951 residents work from home.
876 members of the workforce hold a high school diploma or GED. 351 have associates degrees, 1,912 have bachelor’s degrees, and 1,558 hold a graduate or professional degree.
