Waconia city, Minnesota Demographics & Population 2026
As of 2026, Waconia city, Minnesota has a total population of 13,223, the 85th largest city in Minnesota, with a median household income of $104,929, which is 20% higher than the state average. The poverty rate is 4.2%.
Key Takeaways
- An exceptionally low poverty rate of 4.2% — among the lowest in Minnesota.
- 49.8% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
Waconia city Quick Facts
How Waconia city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Waconia city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Carver County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Chaska city | 28,146 | $110,000 | 4.9% | $379,400 |
| Victoria city | 10,972 | $192,821 | 1.8% | $572,800 |
| Carver city | 5,935 | $144,408 | 1.5% | $427,600 |
| Watertown city | 4,747 | $93,008 | 10.1% | $315,200 |
| Norwood Young America city | 3,866 | $67,857 | 9.6% | $289,400 |
| Mayer city | 2,501 | $120,551 | 5.2% | $330,400 |
| Cologne city | 2,146 | $117,344 | 6.1% | $356,600 |
| New Germany city | 581 | $88,438 | 3.7% | $252,600 |
| Hamburg city | 544 | $78,125 | 8.4% | $229,200 |
Cities Similar to Waconia city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Mounds View city | 12,992 | $90,148 | $294,500 | 36.1% | 12.5% |
| Vadnais Heights city | 12,789 | $91,946 | $334,500 | 43.1% | 5.3% |
| Big Lake city | 12,115 | $113,333 | $291,700 | 26.9% | 5.1% |
| East Bethel city | 11,995 | $114,583 | $343,200 | 22.9% | 2.6% |
| North St. Paul city | 12,511 | $81,641 | $286,600 | 27.7% | 13.1% |
Population Overview
Waconia city is a small city located in Minnesota, within Carver County. The total population is 13,223. It ranks as the 85th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Waconia city is 37.6 years. This is 3% lower than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Waconia city is $104,929. This is 20% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 34% higher. The poverty rate stands at 4.2%. This is 54% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.1%. This is 4% higher than the state rate of 3.9%. The median home value is $407,600. Housing costs are 33% higher than the state median of $305,500. The home-value-to-income ratio is 3.9x. 80.9% of occupied housing units are owner-occupied. This homeownership rate is 12% higher than the state average of 72.4%.
Race & Ethnicity
Waconia city has a predominantly White (non-Hispanic) population, comprising 91.1% of all residents. Hispanic or Latino residents account for 4.8%. The Black or African American population (1.2%) is well below the state average of 6.7%. The Asian population (0.1%) is well below the state average of 5.0%.
Education
49.8% of residents aged 25 and older hold a bachelor's degree or higher. This places Waconia city in the top 10% of all cities in the state for educational attainment. This is 28% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.9%. Notably, 15.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Waconia city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Waconia city, Minnesota?
Waconia city, Minnesota has a population of 13,223 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Waconia city, MN?
The median household income in Waconia city is $104,929, which is 34% higher the national median of $78,538.
What is the poverty rate in Waconia city, MN?
The poverty rate in Waconia city is 4.2%. This means approximately 545 residents live below the federal poverty line.
What is the racial makeup of Waconia city, Minnesota?
Waconia city's population is 91.1% White, 1.2% Black, 4.8% Hispanic/Latino, and 0.1% Asian.
What is the median home value in Waconia city, MN?
The median home value in Waconia city is $407,600. The home-value-to-income ratio is 3.9x.
How educated is Waconia city, Minnesota?
49.8% of adults (25+) in Waconia city hold a bachelor's degree or higher, and 15.2% hold a graduate or professional degree.