Wayzata, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Wayzata, Minnesota had a total population of 4,354, the 169th largest city in Minnesota, with a median household income of $131,614, which is 48% higher than the state average. The poverty rate is 5.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 48% above the state average — one of the wealthiest communities in Minnesota.
- 72.7% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Housing affordability is a challenge — homes cost 8.8x the median household income.
- Near full employment with an unemployment rate of just 1.7%.
Wayzata Quick Facts
How Wayzata Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 4,363 | 4,354 | -0.2% |
| Median household income | $125,344 | $131,614 | +5.0% |
| Median home value | $1,047,400 | $1,153,400 | +10.1% |
How Wayzata Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Wayzata Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis | 427,246 | $80,846 | 16.0% | $362,200 |
| Bloomington | 88,665 | $93,211 | 9.2% | $361,700 |
| Brooklyn Park | 83,876 | $89,891 | 9.5% | $336,200 |
| Plymouth | 79,220 | $136,534 | 4.3% | $491,200 |
| Maple Grove | 71,173 | $132,731 | 4.0% | $418,300 |
| Eden Prairie | 63,051 | $130,489 | 4.6% | $473,900 |
| Edina | 53,262 | $128,767 | 4.7% | $646,300 |
| Minnetonka | 53,064 | $119,517 | 5.9% | $475,800 |
| St. Louis Park | 49,594 | $101,648 | 6.9% | $386,800 |
| Richfield | 36,642 | $85,132 | 8.2% | $344,000 |
Cities Similar to Wayzata
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Columbus | 4,248 | $123,194 | $460,200 | 28.8% | 3.5% |
| Bayport | 3,905 | $125,893 | $376,900 | 27.5% | 3.7% |
| Centerville | 3,935 | $122,541 | $376,900 | 42.5% | 2.3% |
| Nowthen | 4,538 | $160,417 | $460,000 | 37.9% | 4.1% |
| Stacy | 4,384 | $98,464 | $323,800 | 18.4% | 5.2% |
Population Overview
Wayzata is a small community located in Minnesota, within Hennepin County. The total population is 4,354. It ranks as the 169th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Wayzata is 55.7 years. This is 44% higher than the state median of 38.8 years. 22.0% 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 is $131,614. This is 48% higher than the state median of $89,062. It is also 63% higher than the national median of $80,734. The poverty rate stands at 5.8%. This is 37% lower than the state poverty rate of 9.3%. The unemployment rate is 1.7%. This is 58% lower than the state rate of 4.1%. The median home value is $1,153,400. Housing costs are 250% higher than the state median of $329,300. The home-value-to-income ratio of 8.8x suggests that housing affordability is a significant concern for many residents. 59.1% of occupied housing units are owner-occupied. This homeownership rate is 18% lower than the state average of 72.2%.
Race & Ethnicity
Wayzata has a predominantly White (non-Hispanic) population, comprising 87.4% of all residents. Hispanic or Latino residents account for 5.0%. The Black or African American population (0.5%) is well below the state average of 7.0%.
Education
72.7% of residents aged 25 and older hold a bachelor's degree or higher. This places Wayzata in the top 10% of all cities in the state for educational attainment. This is 84% higher than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.5%. Notably, 26.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Wayzata, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Wayzata, Minnesota?
Wayzata, Minnesota has a population of 4,354 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wayzata, MN?
The median household income in Wayzata is $131,614, which is 63% higher than the national median of $80,734.
What is the poverty rate in Wayzata, MN?
The poverty rate in Wayzata is 5.8%. This means approximately 254 residents live below the federal poverty line.
What is the racial makeup of Wayzata, Minnesota?
Wayzata's population is 87.4% White, 0.5% Black, 5.0% Hispanic/Latino, and 3.3% Asian.
What is the median home value in Wayzata, MN?
The median home value in Wayzata is $1,153,400. The home-value-to-income ratio is 8.8x.
How educated is Wayzata, Minnesota?
72.7% of adults (25+) in Wayzata hold a bachelor's degree or higher, and 26.3% hold a graduate or professional degree.