Shakopee is a medium-sized city located in the state of Minnesota. With a population of 45,735 people and nine associated neighborhoods, Shakopee is the 23rd largest community in Minnesota. Much of the housing stock in Shakopee was built relatively recently. The construction of new real estate can often be taken as an indication that the local Shakopee economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Shakopee, where the median household income is $103,924.00.

Shakopee real estate is some of the most expensive in Minnesota, although Shakopee house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Shakopee has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.19% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

The population of Shakopee is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 38.43% of adults in Shakopee have a bachelor's degree or even advanced degree.

The per capita income in Shakopee in 2022 was $43,594, which is upper middle income relative to Minnesota and the nation. This equates to an annual income of $174,376 for a family of four. However, Shakopee contains both very wealthy and poor people as well.

Shakopee is an extremely ethnically-diverse city. The people who call Shakopee home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Shakopee residents report their race to be White, followed by Asian. Important ancestries of people in Shakopee include German, Norwegian, Irish, English, and Swedish.

In addition, Shakopee has a lot of people living here who were born outside of the US (18.14%).

The most common language spoken in Shakopee is English. Other important languages spoken here include Spanish and Vietnamese.