Waconia, Minnesota (55387) is a small city located about 30 miles northwest of Minneapolis. It has a population of 12,305 according to the 2020 census. Waconia is known for its local shops and businesses including Main Street Coffee and Deli, Taunton’s Ace Hardware, and Mary’s Cafe. The city also offers plenty of outdoor recreation thanks to its proximity to Lake Waconia Regional Park. Rent for a two-bedroom property in Waconia is $1,300 which is slightly lower than the US average of $1,430. Grocery cost index in Waconia is 103 versus 100 in the US. It's an ideal place for people looking for proximity to large cities with small town charm at an affordable price.
Waconia (zip 55387) has an unemployment rate of 3.7%. The US average is 6.0%.
Waconia (zip 55387) 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 (zip 55387)
- The Sales Tax Rate for Waconia (zip 55387) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Waconia (zip 55387) 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 (zip 55387)
- The average income of a Waconia (zip 55387) resident is $33,394 a year. The US average is $28,555 a year.
- The Median household income of a Waconia (zip 55387) resident is $96,210 a year. The US average is $69,021 a year.