Waconia, MN
Population 13,223 · Minnesota
About Waconia, MN
Waconia is a mid-sized city located in Minnesota with a population of 13,223 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,929 per year, which is 40% above the national median of $75,149. The median age of 37.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Waconia features a median home value of $407,600, which is 66% above the national median of $244,900. This places Waconia in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,299, 12% above the national average of $1,163/month. Of the 5,162 total housing units, 81% are owner-occupied (4,046 units) and 19% are renter-occupied (953 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waconia shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waconia have an average one-way commute time of 24.8 minutes.
Education & Demographics
49.8% of Waconia residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.6% White, 0.9% Hispanic or Latino, 0.6% Black or African American, and 1.7% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Waconia, MN
Compared to national averages, Waconia has a median household income of $104,929 (40% above the national median of $75,149). Home values average $407,600, which is 66% above the national median. Monthly rent at $1,299 is 12% above the US average of $1,163. Within Minnesota, Waconia's income is 41% above the state average of $74,221, and home values are 99% above the state median of $204,472.
Why Live in Waconia, MN?
Waconia offers a strong local economy with a median household income of $104,929, well above the national average, and a well-educated community where 49.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.2%, better than the national average. Additionally, the city features short commute times averaging just 24.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $407,600. However, Waconia’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waconia has a population of 13,223 with a median age of 37.6 years. Compare Waconia with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Waconia
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rogers | 13,405 | $159,638 | $437,900 | Compare |
| Mounds View | 12,992 | $90,148 | $294,500 | Compare |
| Vadnais Heights | 12,789 | $91,946 | $334,500 | Compare |
| Worthington | 13,792 | $61,840 | $184,200 | Compare |
| Sauk Rapids | 13,851 | $67,004 | $240,200 | Compare |
| Cloquet | 12,582 | $63,854 | $200,100 | Compare |
| Marshall | 13,880 | $64,636 | $198,900 | Compare |
| North St. Paul | 12,511 | $81,641 | $286,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Waconia With Other Cities
Frequently Asked Questions about Waconia
What is the population of Waconia, MN?
The population of Waconia, MN is 13,223 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in Waconia?
The median household income in Waconia, MN is $104,929 per year, which is 40% above the national median of $75,149.
What is the median home value in Waconia?
The median home value in Waconia, MN is $407,600, which is 66% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waconia?
The median monthly rent in Waconia, MN is $1,299, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Waconia?
The unemployment rate in Waconia, MN is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waconia, MN a good place to live?
Waconia offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 13,223 and a median age of 37.6, the city appeals to a broad range of residents.
How educated is Waconia, MN?
49.8% of residents in Waconia aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Waconia?
Key cost-of-living indicators for Waconia, MN: median home value is $407,600 (66% above national), median rent is $1,299/month, and median household income is $104,929. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Waconia?
The poverty rate in Waconia, MN is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waconia, MN?
Waconia's population is 2.6% White, 0.9% Hispanic or Latino, 0.6% Black or African American, 1.7% Asian, and 1.2% two or more races. 2.4% of residents are foreign-born.