Waconia, MN is a small town located in the central part of the state. Although it has a relatively small population, it is quickly growing with many new businesses opening up. The cost of living in Waconia is quite reasonable compared to other parts of the state. For example, 2 Bedroom rent in Waconia is $1,310 while the US average for 2 bedroom rent is $1,430. Additionally, the Grocery Cost Index in Waconia is 103 versus 100 in the US. This means that groceries are a bit more expensive than the national average but still very affordable for residents. Some local companies situated in Waconia include AGCO Corporation, Anten Mills Country Store & Winery and Sunrise Car Wash. All these businesses offer great services to the citizens of Waconia and provide jobs for them as well.
Waconia has an unemployment rate of 3.7%. The US average is 6.0%.
Waconia has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Waconia
- The Sales Tax Rate for Waconia is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Waconia is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waconia
- The average income of a Waconia resident is $32,324 a year. The US average is $28,555 a year.
- The Median household income of a Waconia resident is $94,036 a year. The US average is $69,021 a year.