This data is based on ZIP code 55331, which covers Tonka Bay and Chanhassen and Deephaven and Excelsior and Greenwood and Minnetrista and Orono and Shorewood and Victoria.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 55331 area shared across these towns.
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Tonka Bay ZIP Area Economy · 2022
Wages -25% vs. avg. Hennepin Co. town
Tonka Bay's ZIP area supports 4,979 jobs across 653 businesses, with workers earning an average of $57K per year, 25% below the Hennepin County average. The economy is well-diversified (0.89 index), led by professional services and real estate. 91% of businesses have fewer than 20 employees, and each business employs an average of 7.6 people. Jobs grew 19.6% from the prior year while business count declined 0.3%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Hennepin Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
653 businesses by employee count. 91% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
7.6
employees per business
County avg: 20.4-63%
$224K
payroll per resident
$435K
payroll per business
Tonka Bay ZIP Area vs. Avg. Hennepin Co. Towni
All Industries in ZIP Areai
| Sector | Tonka Bay ZIP | Avg. Hennepin Co. | Spec. |
|---|---|---|---|
| Professional Services | 125 | 347 | 1.2x |
| Real Estate | 67 | 166 | 1.4x |
| Retail Trade | 64 | 207 | 1.1x |
| Other Services | 64 | 199 | 1.1x |
| Construction | 63 | 187 | 1.2x |
| Healthcare | 56 | 289 | 0.7x |
| Finance & Insurance | 51 | 175 | 1.0x |
| Wholesale Trade | 40 | 127 | 1.1x |
| Food & Accommodation | 33 | 149 | 0.8x |
| Admin Services | 31 | 133 | 0.8x |
| Arts & Entertainment | 17 | 44 | 1.3x |
| Education | 15 | 36 | 1.4x |
| Transportation | 11 | 41 | 0.9x |
| Information | 8 | 42 | 0.7x |
| Manufacturing | 4 | 80 | 0.2x |
| Management | 3 | 24 | 0.4x |