Wayzata, MN
Population 4,363 · Minnesota
About Wayzata, MN
Wayzata is a small community in Minnesota with a population of 4,363 residents. The median household income is $125,344 per year, which is above the national average. The median age in Wayzata is 58.5 years.
Housing in Wayzata has a median home value of $1,047,400 and median monthly rent of $1,507. Of the 2,566 total housing units, the majority are owner-occupied, with 1,296 owner-occupied and 853 renter-occupied units.
The unemployment rate in Wayzata is 1.4% and the poverty rate is 6.3%. 72.2% of residents hold a bachelor's degree or higher. The average commute time is 17.6 minutes.
How Wayzata Ranks in Minnesota
Cost of Living in Wayzata, MN
Compared to national averages, Wayzata has a median household income of $125,344 (67% above the national median of $75,149). Home values average $1,047,400, which is 328% above the national median. Monthly rent at $1,507 is 30% above the US average of $1,163. Within Minnesota, Wayzata's income is 69% above the state average of $74,221, and home values are 412% above the state median of $204,472.
Why Live in Wayzata, MN?
Wayzata offers a strong local economy with a median household income of $125,344, well above the national average, and a strong job market with an unemployment rate of just 1.4%, and a well-educated community where 72.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.3%, better than the national average, and short commute times averaging just 17.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,047,400. However, Wayzata’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wayzata has a population of 4,363 with a median age of 58.5 years. Compare Wayzata with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Wayzata
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wadena | 4,361 | $45,850 | $158,700 | Compare |
| Newport | 4,460 | $63,365 | $331,300 | Compare |
| Park Rapids | 4,226 | $45,800 | $218,500 | Compare |
| Cannon Falls | 4,216 | $80,515 | $262,100 | Compare |
| Columbus | 4,211 | $117,917 | $439,200 | Compare |
| Rockford | 4,521 | $82,228 | $265,900 | Compare |
| Le Sueur | 4,204 | $71,563 | $216,700 | Compare |
| Cold Spring | 4,201 | $72,022 | $242,000 | 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.
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Frequently Asked Questions about Wayzata
What is the population of Wayzata, MN?
The population of Wayzata, MN is 4,363 according to the latest Census data.
What is the median household income in Wayzata?
The median household income in Wayzata, MN is $125,344 per year.
What is the median home value in Wayzata?
The median home value in Wayzata, MN is $1,047,400.
What is the average rent in Wayzata?
The median monthly rent in Wayzata, MN is $1,507.
What is the unemployment rate in Wayzata?
The unemployment rate in Wayzata, MN is 1.4%.