Wayzata city, Minnesota Demographics & Population 2026
As of 2026, Wayzata city, Minnesota has a total population of 4,363, the 167th largest city in Minnesota, with a median household income of $125,344, which is 43% higher than the state average. The poverty rate is 6.3%.
Key Takeaways
- Household income is 43% above the state average — one of the wealthiest communities in Minnesota.
- 72.2% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Housing affordability is a challenge — homes cost 8.4x the median household income.
- Near full employment with an unemployment rate of just 1.4%.
Wayzata city Quick Facts
How Wayzata 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+)
Wayzata city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis city | 426,845 | $80,269 | 16.4% | $345,600 |
| Bloomington city | 88,838 | $90,677 | 9.1% | $346,200 |
| Brooklyn Park city | 84,349 | $85,964 | 10.3% | $313,500 |
| Plymouth city | 79,526 | $133,865 | 4.1% | $474,700 |
| Maple Grove city | 70,539 | $129,481 | 3.9% | $397,400 |
| Eden Prairie city | 63,249 | $127,732 | 6.0% | $463,300 |
| Minnetonka city | 53,256 | $120,496 | 4.8% | $456,200 |
| Edina city | 53,125 | $129,225 | 4.4% | $624,000 |
| St. Louis Park city | 49,541 | $100,250 | 7.3% | $371,600 |
| Richfield city | 36,725 | $84,055 | 7.3% | $320,400 |
Cities Similar to Wayzata city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Columbus city | 4,211 | $117,917 | $439,200 | 29.3% | 3.4% |
| Nowthen city | 4,539 | $134,491 | $440,200 | 40.3% | 3.6% |
| Centerville city | 3,915 | $119,361 | $364,700 | 48.2% | 1.7% |
| Bayport city | 3,948 | $115,781 | $363,200 | 26.5% | 3.9% |
| Grant city | 3,959 | $145,357 | $622,000 | 56.5% | 5.3% |
Population Overview
Wayzata city is a small community located in Minnesota, within Hennepin County. The total population is 4,363. It ranks as the 167th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Wayzata city is 58.5 years. This is 52% higher than the state median of 38.6 years. Only 14.3% of residents are under 18, indicating fewer families with children. 23.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Wayzata city is $125,344. This is 43% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 60% higher. The poverty rate stands at 6.3%. This is 31% lower than the state poverty rate of 9.2%. The unemployment rate is 1.4%. This is 65% lower than the state rate of 3.9%. The median home value is $1,047,400. Housing costs are 243% higher than the state median of $305,500. The home-value-to-income ratio of 8.4x suggests that housing affordability is a significant concern for many residents. 60.3% of occupied housing units are owner-occupied. This homeownership rate is 17% lower than the state average of 72.4%.
Race & Ethnicity
Wayzata city has a predominantly White (non-Hispanic) population, comprising 87.1% of all residents. Hispanic or Latino residents account for 5.2%. The Black or African American population (0.8%) is well below the state average of 6.7%.
Education
72.2% of residents aged 25 and older hold a bachelor's degree or higher. This places Wayzata city in the top 10% of all cities in the state for educational attainment. This is 86% 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 98.0%. Notably, 26.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Wayzata 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 Wayzata city, Minnesota?
Wayzata city, Minnesota has a population of 4,363 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wayzata city, MN?
The median household income in Wayzata city is $125,344, which is 60% higher the national median of $78,538.
What is the poverty rate in Wayzata city, MN?
The poverty rate in Wayzata city is 6.3%. This means approximately 276 residents live below the federal poverty line.
What is the racial makeup of Wayzata city, Minnesota?
Wayzata city's population is 87.1% White, 0.8% Black, 5.2% Hispanic/Latino, and 3.3% Asian.
What is the median home value in Wayzata city, MN?
The median home value in Wayzata city is $1,047,400. The home-value-to-income ratio is 8.4x.
How educated is Wayzata city, Minnesota?
72.2% of adults (25+) in Wayzata city hold a bachelor's degree or higher, and 26.7% hold a graduate or professional degree.