Shakopee, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Shakopee, Minnesota had a total population of 46,012, the 21st largest city in Minnesota, with a median household income of $107,223, which is 20% higher than the state average. The poverty rate is 5.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Shakopee Quick Facts
How Shakopee Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 45,002 | 46,012 | +2.2% |
| Median household income | $110,989 | $107,223 | -3.4% |
| Median home value | $361,400 | $374,800 | +3.7% |
How Shakopee Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Shakopee Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Scott County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Savage | 32,889 | $125,513 | 5.8% | $432,300 |
| Prior Lake | 28,016 | $134,255 | 3.1% | $450,700 |
| New Prague | 8,237 | $94,539 | 3.2% | $350,500 |
| Belle Plaine | 7,423 | $99,315 | 2.7% | $318,200 |
| Jordan | 6,771 | $110,057 | 5.5% | $336,200 |
| Elko New Market | 5,002 | $152,150 | 1.1% | $433,100 |
Cities Similar to Shakopee
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| St. Louis Park | 49,594 | $101,648 | $386,800 | 64.2% | 6.9% |
| Cottage Grove | 40,992 | $120,791 | $378,800 | 40.8% | 4.2% |
| Minnetonka | 53,064 | $119,517 | $475,800 | 65.0% | 5.9% |
| Maplewood | 40,695 | $91,394 | $323,200 | 35.3% | 11.2% |
| Moorhead | 45,036 | $72,761 | $249,000 | 41.6% | 16.1% |
Population Overview
Shakopee is a mid-sized community located in Minnesota, within Scott County. The total population is 46,012. It ranks as the 21st most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Shakopee is 36.6 years. This is 6% lower than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Shakopee is $107,223. This is 20% higher than the state median of $89,062. It is also 33% higher than the national median of $80,734. The poverty rate stands at 5.9%. This is 37% lower than the state poverty rate of 9.3%. The unemployment rate is 3.7%. This is 8% lower than the state rate of 4.1%. The median home value is $374,800. Housing costs are 14% higher than the state median of $329,300. The home-value-to-income ratio is 3.5x. 74.8% of occupied housing units are owner-occupied. This homeownership rate is 4% higher than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in Shakopee is White (non-Hispanic), making up 63.1% of the population. Asian residents account for 12.2%. The Asian population is significantly higher than the state average (12.2% vs 5.1%).
Education
40.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 2% higher than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.4%.
Data Sources & Methodology
All demographic data for Shakopee, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Shakopee, Minnesota?
Shakopee, Minnesota has a population of 46,012 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Shakopee, MN?
The median household income in Shakopee is $107,223, which is 33% higher than the national median of $80,734.
What is the poverty rate in Shakopee, MN?
The poverty rate in Shakopee is 5.9%. This means approximately 2,652 residents live below the federal poverty line.
What is the racial makeup of Shakopee, Minnesota?
Shakopee's population is 63.1% White, 10.1% Black, 8.5% Hispanic/Latino, and 12.2% Asian.
What is the median home value in Shakopee, MN?
The median home value in Shakopee is $374,800. The home-value-to-income ratio is 3.5x.
How educated is Shakopee, Minnesota?
40.4% of adults (25+) in Shakopee hold a bachelor's degree or higher, and 11.9% hold a graduate or professional degree.