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CITY

Waconia

Minnesota · 14,113 residents (2025 est.) · 5.612 sq mi
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The short version

Waconia is significantly wealthier than the US average, with a median household income of $111,031. The city has grown rapidly, with population up 97% since 2000. 49% of adults hold a bachelor's degree or higher. Median home value has roughly tripled since 2000, reaching $431,000. Poverty is rare here, at 4.1% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 38.4
US median: 38.9
More educated
49% hold a bachelor's degree
US average: 36%
Less affordable
home values up 57%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
13,434
+97%since 2000
from 6,814 in 2000
1990 – 2025
Population density
2,394 / sq mi
+97%since 2000
from 1,214 / sq mi in 2000
US average: 281
Median age
38.4
+16%since 2000
from 33.0 in 2000
US average: 38.9

PEP 2025 EST:14,113 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
3K5K8K11K14K1990201020202024Waconia
202413K
1990201020202024
Section 02

Income & economy

Median household income
$111,031
+9%inflation adjusted, since 2000
from $55,705 in 2000
US average: $82,259
1990 – 2024
Per capita income
$53,078
+97%since 2000
from $26,996 in 2000
US average: $44,673
Households earning $100K+
63.0%
+8.4 ptssince 2009
from 54.6% in 2009
US average: 53.3%
Poverty rate
4.1%
+0.3 ptssince 2000
from 3.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.400
+9%since 2010
from 0.367 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade14.7%
US avg: 9.9%
Information11.2%
US avg: 10.8%
Other services6%
US avg: 6.7%
Public administration5.1%
US avg: 4.8%
Wholesale trade4.6%
US avg: 6.9%
Finance & insurance2.7%
US avg: 5.9%
Agriculture, forestry, fishing2.6%
US avg: 1.6%
Construction2.6%
US avg: 1.2%
Transportation & warehousing2.5%
US avg: 2.2%
Professional, scientific, technical2.4%
US avg: 5.1%
Arts, entertainment, food2.1%
US avg: 1.9%
Education & health services0.3%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$431,000
+57%inflation adjusted, since 2000
from $150,400 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,330
+12%inflation adjusted, since 2000
from $652 in 2000
US average: $1,442
Owner-occupied
80.3%
+4.0 ptssince 2000
from 76.3% in 2000
19.7% rent
Vacancy rate
2.6%
−1.6 ptssince 2009
from 4.2% in 2009
US average: 10.0%
Owner cost-burdened
22.3%
−5.9 ptssince 2009
from 28.2% in 2009
US average: 22.9%
Renter cost-burdened
42.2%
−4.4 ptssince 2009
from 46.6% in 2009
US average: 47.4%
Afford Score
3.9
+44%since 2000
from 2.7 in 2000
1990 – 2024
Gentrification Score
49
RELATED:See current rent listings in Waconia on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.5%(6,578)
Black0.3%(22)
Hispanic / Latino1.3%(87)
Asian0.6%(44)
Other0%
Diversity Score5.6%(381)
2024
White, non-Hispanic90.1%(12,106)
Black0.9%(121)
Hispanic / Latino3.9%(523)
Asian0.1%(10)
Other5%(674)
Diversity Score23%(3,087)
Diversity Score
23
+311%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
48.9%
+19.5 ptssince 2000
from 29.4% in 2000
US average: 35.6%
High school or higher
98.5%
+11.1 ptssince 2000
from 87.4% in 2000
US average: 89.6%
Graduate degree
14.5%
+8.2 ptssince 2000
from 6.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.2 min
+32%since 2000
from 19.1 min in 2000
US average: 26.5
Drive alone to work
74.9%
−7.9 ptssince 2009
from 82.8% in 2009
US average: 68.9%
Carpooled to work
3.1%
−4.8 ptssince 2009
from 7.9% in 2009
US average: 8.5%
Public transit
0.4%
−0.4 ptssince 2009
from 0.8% in 2009
US average: 3.2%
Worked from home
20.3%
+15.0 ptssince 2009
from 5.3% in 2009
US average: 15.0%
Walked to work
1.0%
−0.9 ptssince 2009
from 1.9% in 2009
US average: 2.4%
Biked to work
0.3%
−0.2 ptssince 2009
from 0.5% in 2009
US average: 0.4%
No vehicle available
5.6%
−0.1 ptssince 2009
from 5.7% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.4%
+1.9 ptssince 2011
from 2.5% in 2011
US average: 5.2%
Labor force participation
73.7%
−3.6 ptssince 2011
from 77.3% in 2011
US average: 63.5%
Self-employed
12.5%
−2.5 ptssince 2009
from 15.0% in 2009
US average: 13.1%
Management & professional
55.8%
−12.3 ptssince 2009
from 68.2% in 2009
US average: 42.5%
Section 08

People & community

Male
50.4%
−0.1 ptssince 2009
from 50.5% in 2009
Female
49.6%
+0.1 ptssince 2009
from 49.5% in 2009
Foreign born
2.8%
−0.6 ptssince 2009
from 3.4% in 2009
US average: 14.1%
Veterans
4.0%
−44.7 ptssince 2009
from 48.6% in 2009
US average: 6.2%
With a disability
11.5%
+3.5 ptssince 2012
from 8.0% in 2012
US average: 13.3%
Uninsured
2.4%
−93.3 ptssince 2013
from 95.7% in 2013
US average: 8.4%
Broadband at home
93.4%
+9.4 ptssince 2017
from 84.0% in 2017
US average: 91.0%
English only at home
96.1%
−0.4 ptssince 2016
from 96.5% in 2016
US average: 77.7%
Spanish at home
2.6%
+0.7 ptssince 2016
from 1.8% in 2016
US average: 13.6%
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Compare Waconia to nearby cities

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Home value$581,200+35%
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WACONIA VS
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WACONIA VS
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WACONIA VS
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Frequently asked

How many people live in Waconia, Minnesota?

Waconia, Minnesota has about 13,434 residents according to the 2024 American Community Survey.

What is the median household income in Waconia, Minnesota?

The typical household in Waconia, Minnesota earns about $111,031 a year. Half of households make more than that, and half make less.

Is Waconia, Minnesota expensive?

In Waconia, Minnesota, the median home is worth about $431,000, and the typical rent is about $1,330 a month.

How educated are people in Waconia, Minnesota?

About 48.9% of adults age 25 and over in Waconia, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Waconia, Minnesota?

About 4.1% of people in Waconia, Minnesota live below the federal poverty line.

Has Waconia, Minnesota grown since 1990?

Yes, Waconia, Minnesota has grown since 1990. The population has added about 9,936 residents, a change of about 284 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →