Waconia, MN Cost Of Living

Demographics | Cost Of Living | Photos
Updated: 2020-03-08
Waconia's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Waconia is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Waconia, MN?

According to the most recent data on the cost of living, Waconia has an overall cost of living index of 112 which is 1.1x higher than the national index of 100.

Compared to only Minnesota, Waconia has a cost of living index that's 1.1x higher than Minnesota's index of 104.

The standard of living in Waconia ranks as #4292 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies Waconia ranks as the #2114 most expensive place in the North Star State.

For more reading on life in Waconia, check out:

Waconia Cost Of Living Vs. Minnesota

Living Expense Waconia Minnesota National Average
Overall 112 104 100
Services 113 109 100
Groceries 103 106 100
Health 103 110 100
Housing 123 100 100
Transportation 104 100 100
Utilities 97 98 100
For more reading on cost of living around Minnesota, check out:
Waconia Cost of Living Vs. MN

Waconia, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Waconia Minnesota United States
Median Home Value $288,600 $211,800 $204,900
Median Rent $962 $944 $1,023
Median Income $94,797 $68,411 $60,293
Home Value To Income 3.0x 3.1x 3.4x
Rent To Monthly Income 0.12x 0.17x 0.2x

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Cost Of Living In Cities Around Waconia

City Population Cost Of Living Vs. Waconia
Eden Prairie, MN 63,900 123 1.1x
Minnetonka, MN 52,546 121 1.1x
Chaska, MN 25,998 112 1.0x
Prior Lake, MN 25,880 118 1.1x
Chanhassen, MN 25,357 125 1.1x
Mound, MN 9,412 109 1.0x
Victoria, MN 9,032 129 1.2x
Orono, MN 8,015 157 1.4x
Shorewood, MN 7,752 135 1.2x
Minnetrista, MN 7,408 145 1.3x

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