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 114, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Waconia has a cost of living index that's 1.1x higher than Minnesota's index of 101.
The standard of living in Waconia ranks as #105 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Waconia ranks as the #46 most expensive place in the North Star State.
For more reading on life in Waconia, check out:
Waconia Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Waconia. Here is how it fares on each of the criteria:
The Services index in Waconia is 98.
The Groceries index in Waconia is 102.
The Health index in Waconia is 158.
The Housing index in Waconia is 96.
The Transportation index in Waconia is 98.
The Utilities index in Waconia is 99.
| Living Expense | Waconia | Minnesota | National Average |
|---|---|---|---|
| Overall | 114 | 101 | 100 |
| Services | 98 | 101 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 158 | 99 | 100 |
| Housing | 96 | 101 | 100 |
| Transportation | 98 | 103 | 100 |
| Utilities | 99 | 101 | 100 |
Waconia Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Waconia Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Waconia, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Waconia is $458,547.
The Median Rent in Waconia is $1,330.
The Median Income in Waconia is $111,031.
The Home Value To Income in Waconia is 4.1x.
The Rent To Monthly Income in Waconia is 0.14x.
Waconia, MN Costs By Category
Detailed Waconia Services costs vs. Minnesota
Detailed Waconia Groceries costs vs. Minnesota
Detailed Waconia Health costs vs. Minnesota
Detailed Waconia Transportation costs vs. Minnesota
Waconia SnackAbility
Cost Of Living In Cities Around Waconia
The cost of living varies in the cities and towns around Waconia. Here's a quick look at the cost of living in the most populous nearby places:
Eden Prairie, MN has a cost of living index of 128, 1.1x Waconia.
Minnetonka, MN has a cost of living index of 127, 1.1x Waconia.
Chaska, MN has a cost of living index of 114, 1.0x Waconia.
| City | Population | Cost Of Living | Vs. Waconia |
|---|---|---|---|
| Eden Prairie, MN | 63,051 | 128 | 1.1x |
| Minnetonka, MN | 53,064 | 127 | 1.1x |
| Chaska, MN | 28,706 | 114 | 1.0x |
| Prior Lake, MN | 28,016 | 120 | 1.1x |
| Chanhassen, MN | 26,006 | 128 | 1.1x |
| Victoria, MN | 11,295 | 133 | 1.2x |
| Mound, MN | 9,107 | 109 | 1.0x |
| Minnetrista, MN | 8,708 | 147 | 1.3x |
| Orono, MN | 8,195 | 174 | 1.5x |
| Shorewood, MN | 7,647 | 148 | 1.3x |
