Waconia township, MN Economy


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Waconia Township, MN is a great place to live and work. It has a relatively affordable housing market with the average 2 bedroom rent being $1,380, which is only slightly lower than the national average of $1,430. Additionally, groceries are also more affordable since the grocery cost index in Waconia township is 103 versus 100 in the US. The town also provides plenty of job opportunities with top employers including Cargill Incorporated, Quality Pork Processors Inc., and Reliable Medical Supply Company. It is a vibrant community featuring shopping malls, restaurants, parks and other recreational activities for people of all ages.

Waconia township has an unemployment rate of 3.7%. The US average is 6.0%.

Waconia township 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 township
- The Sales Tax Rate for Waconia township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Waconia township 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 township
- The average income of a Waconia township resident is $37,826 a year. The US average is $28,555 a year.
- The Median household income of a Waconia township resident is $129,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaconia township, MinnesotaUnited States
  3.76
  -3.6%-6.2%
  38.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $54,974$37,638
  $129,500$69,021
  $133,646$85,028
  Population by Occupation
  6.6%1.2%
  0.0%0.5%
  6.2%6.8%
  20.0%10.0%
  0.6%2.5%
  7.9%11.0%
  5.6%4.8%
  0.4%0.8%
  0.0%1.9%
  7.9%4.7%
  3.9%1.9%
  6.8%7.6%
  0.0%0.1%
  1.4%4.2%
  12.4%9.3%
  11.2%14.0%
  2.9%2.1%
  3.5%7.0%
  2.7%4.8%
  0.0%4.7%
Health
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