Living in Waconia, Minnesota
Cost of living, income, home prices, rent and demographics of Waconia · Census data 2020–2024
Waconia has 13,434 residents with a median age of 38.4. The median household income is $111,031 (25% higher than the Minnesota median), the median home value is $431,000, the median rent is $1,330/month.
Waconia at a glance
- Population
- 13,434
- Median age
- 38.4State: 38.8
- Median household income
- $111,031State: $89,062
- Median home value
- $431,000State: $329,300
- Median rent
- $1,330/moState: $1,280
- Homeowners
- 80.3%
- Bachelor's degree or higher
- 48.9%
- Average commute
- 25 min
Is Waconia a good place to live?
Pros: Median household income 25% higher than the Minnesota median; a poverty rate of 4.1%.
Cons: Home values 31% higher than the state median; an average commute of 25 minutes; unemployment of 4.4%.
The weather is best in June to September.
Cost of living in Waconia
Housing is the biggest part of the cost of living. In Waconia the median home value is $431,000, 30% higher than the U.S. median. Renters pay a median of $1,330 per month, which is 28.1% of household income. Homeowners with a mortgage pay $2,438 a month in housing costs.
Waconia median household income
The median household income in Waconia is $111,031 and the income per person is $53,078. 4.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Waconia: homes for sale and rent
- Housing units
- 5,291
- Owner-occupied
- 80.3%
- Renter-occupied
- 19.7%
- Vacant
- 2.6%Includes seasonal homes
- Median year built
- 2001
- Average household size
- 2.57
Waconia demographics
- Population
- 13,434
- Median age
- 38.4
- Under 18
- 25.5%
- 65 and older
- 14.9%
- Households
- 5,151
- Foreign-born
- 2.8%
- Veterans
- 4%Adults 18+
Hispanic or Latino can be of any race. Population history of Waconia ›
Education in Waconia
48.9% of adults 25 and older in Waconia have a bachelor's degree or higher (Minnesota: 39.4%), and 14.5% have a graduate or professional degree.
Jobs and commute in Waconia
- Unemployment rate
- 4.4%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 20.3%
- Drive alone
- 74.9%
- Public transit
- 0.4%
- Walk to work
- 1%
- Homes with broadband
- 93.4%
Waconia vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waconia | 13,434 | $111,031 | $431,000 | $1,330 |
| St. Bonifacius | 1,997 | $109,922 | $355,800 | $1,270 |
| Cologne | 2,282 | $129,398 | $383,600 | $585 |
| Mayer | 2,518 | $124,917 | $342,700 | $1,563 |
| Victoria | 11,295 | $195,639 | $581,200 | $2,235 |
| Minnetrista | 8,708 | $163,051 | $658,300 | $3,501 |
| Norwood Young America | 3,849 | $71,364 | $299,300 | $1,073 |
| Watertown | 4,790 | $99,671 | $337,200 | $927 |
| Chaska | 28,706 | $110,956 | $404,700 | $1,553 |
More for people moving to Waconia
Waconia ZIP code ›Weather and climate ›Living in Waconia: FAQ
What is the median household income in Waconia, MN?
The median household income in Waconia is $111,031, 25% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waconia?
The median home value in Waconia is $431,000, compared with $329,300 in Minnesota.
How much is rent in Waconia?
The median gross rent in Waconia is $1,330 per month, about 28.1% of household income.
Is Waconia, MN a good place to live?
Pluses: median household income 25% higher than the Minnesota median; a poverty rate of 4.1%. Minuses: home values 31% higher than the state median; an average commute of 25 minutes; unemployment of 4.4%.
What is the median age in Waconia?
The median age in Waconia is 38.4 years (Minnesota: 38.8).
How long is the commute in Waconia?
The average commute to work in Waconia is 25 minutes; 20.3% of workers work from home.
What is the unemployment rate in Waconia?
The unemployment rate in Waconia is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waconia?
48.9% of adults in Waconia have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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