Waconia, MN Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
112
Waconia's Overall Cost Of Living
1.1x
Higher Than The National Average
112 out of 147
In Minnesota
4,290 out of 6,399
In America
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 #4,292 most affordable out of the 6,522 places we measured in Minnesota. By definition, that implies Waconia ranks as the #2,114 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.

$303,700
Median Home Value
$962
Median Rent
$99,602
Median Income
Statistic Waconia Minnesota United States
Median Home Value $303,700 $223,900 $217,500
Median Rent $962 $977 $1,062
Median Income $99,602 $71,306 $62,843
Home Value To Income 3.0x 3.1x 3.5x
Rent To Monthly Income 0.12x 0.16x 0.2x

Detailed Waconia Services Costs Vs. Minnesota

Item Waconia Minnesota
Shampoo $1.08 $1.01
Movie $10.43 $10.72
Bowling $21.05 $13.86

Detailed Waconia Groceries Costs Vs. Minnesota

Item Waconia Minnesota
Ground Beef $4.52 $3.9
Fried Chicken $2.1 $1.4
Milk $2.62 $1.96

Detailed Waconia Health Costs Vs. Minnesota

Item Waconia Minnesota
Haircut $24.49 $17.49
Beauty Salon $34.71 $38.17
Toothpaste $3.37 $2.32

Detailed Waconia Transportation Costs Vs. Minnesota

Item Waconia Minnesota
Potatoes $3.36 $3.18
Pizza $12.73 $10.39
Beer $8.91 $9.23
Optometrist $89.9 $106.34
Doctor $150.44 $115.25
Dentist $85.78 $98.38

Detailed Waconia Utilities Costs Vs. Minnesota

Item Waconia Minnesota
Gasoline $2.47 $2.59
Tire Balancing $59.72 $48.9
All Electricity $162.02 $167.6
Phone $178.08 $163.42

Waconia SnackAbility

6
/10
Overall SnackAbility
Jobs
9.5/10
Housing
8.5
Affordability
8.5
Diversity
4
Safety
N/A
Amenities
8.5
Education
9
Commute
6

Cost Of Living In Cities Around Waconia

City Population Cost Of Living Vs. Waconia
Eden Prairie, MN 64,179 123 1.1x
Minnetonka, MN 53,025 121 1.1x
Chaska, MN 26,371 112 1.0x
Prior Lake, MN 26,365 118 1.1x
Chanhassen, MN 25,657 125 1.1x
Mound, MN 9,480 109 1.0x
Victoria, MN 9,383 129 1.2x
Orono, MN 8,113 157 1.4x
Shorewood, MN 7,867 135 1.2x
Minnetrista, MN 7,621 145 1.3x

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