Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Waconia, MN Population, Income & Demographics 2026

CSAMinneapolis-St. Paul MSAMinneapolis-St. Paul-Bloomington#51/210 Home Value

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

13,434

Median Agei

38.4

Race & Ethnicityi

White

90.1%12,106

Two or More

5%666

Hispanic/Latino

3.9%523

Black

0.9%121

Asian

0.1%10

Other

0.1%8

Educational Attainment (Age 25+)i

GED/Alternative

1.8%163

High School Diploma

16.4%1,500

Some College (<1 yr)

5.9%544

Some College (1+ yr)

14.6%1,341

Associate's Degree

10.8%990

Bachelor's Degree

34.4%3,153

Master's Degree

11%1,005

Professional Degree

2.3%215

Doctorate

1.2%111

HS or Higher

98.5%

BA or Higher

48.9%

Graduate+

14.5%

Housingi

Median Home Valuei

$431,000

Median Renti

$1,330

Tenure

Owner-Occupied

80.3%4,137

Renter-Occupied

19.7%1,014

Total Units

5,291

Homeownership

80.3%

Vacancy Rate

2.6%

Economyi

Median Household Incomei

$111,031

Mean Household Incomei

$132,207

Per Capita Incomei

$53,078

Poverty Ratei

Unemploymenti

4.4%

Labor Forcei

7,695

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

113

Residentsi

179

Avg. Tenant Renti

$432/mo

Avg. Waitlisti

8 months

Programs in this community

Housing Choice Vouchers67 homes96% occupied$457/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 846 homes87% occupied$395/mo rent

Privately owned apartments with rent subsidies tied to the building

Household Incomei

Based on area median of $111,031/yr

Extremely low incomeUnder $33K/yr

84.7%

Very low income$33K–$56K/yr

13.5%

Low income$56K–$89K/yr

1.8%

Who Receives This Housing

60.6% of subsidized households are headed by a single mother

15.7% of subsidized households are minority

43.4% of subsidized households include someone with a disability

38.4% of subsidized households include a senior (62+)

Social Characteristicsi

Veteransi

399(4% of civilian adults)