Cost of Living in Waconia, MN
Population 13,223 · Minnesota · Data vintage 2023
(100 = US avg)
Waconia is a smaller Minnesota community of around 13000 residents, where median household incomes of $104,929 and housing costs ($408,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Waconia is about 25 miles west of Minneapolis, the nearest large metro. Median home values run roughly 18% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Waconia
The median home value in Waconia is $407,600 — 34% above the national median of $305,000. Median rent runs $1,299/month, 1% lower than the national median of $1,314/month. The median household income of $104,929/year is 41% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Waconia has a cost of living index of 120 versus the US average of 100, meaning it is 20% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Waconia, MN?
Waconia has a cost index of 120 (100 = national average). It is 20% above the national average.
What is average rent in Waconia, MN?
The median gross rent in Waconia is $1,299 per month based on 2023 Census data.
What is the average home price in Waconia?
The median home value in Waconia is $407,600 according to Zillow and Census data.
What is the median income in Waconia?
The median household income in Waconia is $104,929 per year (2023 ACS 5-year estimates).
What is the sales tax in Waconia, MN?
The combined state and local sales tax rate in Waconia is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Waconia, MN affordable?
Waconia is above average in cost of living, with an index of 120 — about 20% higher than the national average.
Waconia at a Glance
- Population
- 13,223
- Median Income
- $104,929
- Home Value
- $407,600
- Median Rent
- $1,299/mo
- Unemployment
- 4.1%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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