Living in Wayzata, Minnesota
Cost of living, income, home prices, rent and demographics of Wayzata · Census data 2020–2024
Wayzata has 4,354 residents with a median age of 55.7. The median household income is $131,614 (48% higher than the Minnesota median), the median home value is $1,153,400, the median rent is $1,782/month.
Wayzata at a glance
- Population
- 4,354
- Median age
- 55.7State: 38.8
- Median household income
- $131,614State: $89,062
- Median home value
- $1,153,400State: $329,300
- Median rent
- $1,782/moState: $1,280
- Homeowners
- 59.1%
- Bachelor's degree or higher
- 72.7%
- Average commute
- 18 min
Is Wayzata a good place to live?
Pros: Median household income 48% higher than the Minnesota median; an average commute of 18 minutes; unemployment of 1.7%; a poverty rate of 5.8%.
Cons: Home values 250% higher than the state median.
The weather is best in June to September.
Cost of living in Wayzata
Housing is the biggest part of the cost of living. In Wayzata the median home value is $1,153,400, 247% higher than the U.S. median. Renters pay a median of $1,782 per month, which is 30.8% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Wayzata median household income
The median household income in Wayzata is $131,614 and the income per person is $116,577. 5.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Wayzata: homes for sale and rent
- Housing units
- 2,355
- Owner-occupied
- 59.1%
- Renter-occupied
- 40.9%
- Vacant
- 12.4%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.10
Wayzata demographics
- Population
- 4,354
- Median age
- 55.7
- Under 18
- 18.9%
- 65 and older
- 35.6%
- Households
- 2,064
- Foreign-born
- 9.4%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Wayzata ›
Education in Wayzata
72.7% of adults 25 and older in Wayzata have a bachelor's degree or higher (Minnesota: 39.4%), and 26.2% have a graduate or professional degree.
Jobs and commute in Wayzata
- Unemployment rate
- 1.7%State: 4.1%
- Average commute
- 18 minState: 23 min
- Work from home
- 32%
- Drive alone
- 62.5%
- Public transit
- 0%
- Walk to work
- 3%
- Homes with broadband
- 87.3%
Wayzata vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wayzata | 4,354 | $131,614 | $1,153,400 | $1,782 |
| Woodland | 477 | $190,000 | $1,185,300 | — |
| Deephaven | 3,793 | $197,679 | $935,900 | — |
| Long Lake | 1,728 | $109,063 | $422,600 | $1,809 |
| Orono | 8,195 | $173,527 | $1,004,500 | $1,818 |
| Minnetonka | 53,064 | $119,517 | $475,800 | $1,779 |
| Village of Minnetonka Beach | 469 | $250,001 | $2,000,001 | — |
| Greenwood | 699 | $215,278 | $1,240,400 | $1,885 |
| Plymouth | 79,220 | $136,534 | $491,200 | $1,766 |
More for people moving to Wayzata
Wayzata ZIP code ›Weather and climate ›Living in Wayzata: FAQ
What is the median household income in Wayzata, MN?
The median household income in Wayzata is $131,614, 48% 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 Wayzata?
The median home value in Wayzata is $1,153,400, compared with $329,300 in Minnesota.
How much is rent in Wayzata?
The median gross rent in Wayzata is $1,782 per month, about 30.8% of household income.
Is Wayzata, MN a good place to live?
Pluses: median household income 48% higher than the Minnesota median; an average commute of 18 minutes; unemployment of 1.7%; a poverty rate of 5.8%. Minuses: home values 250% higher than the state median.
What is the median age in Wayzata?
The median age in Wayzata is 55.7 years (Minnesota: 38.8).
How long is the commute in Wayzata?
The average commute to work in Wayzata is 18 minutes; 32% of workers work from home.
What is the unemployment rate in Wayzata?
The unemployment rate in Wayzata is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wayzata?
72.7% of adults in Wayzata 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.
Last updated: