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.

Wayzata, MN Population, Income & Demographics 2026

CSAMinneapolis-St. Paul MSAMinneapolis-St. Paul-Bloomington#3/210 Home Value

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

4,354

Median Agei

55.7

Race & Ethnicityi

White

87.4%3,807

Hispanic/Latino

5%216

Two or More

3.8%164

Asian

3.3%143

Black

0.6%24

Educational Attainment (Age 25+)i

High School Diploma

9.8%327

Some College (<1 yr)

4.2%139

Some College (1+ yr)

5.2%174

Associate's Degree

6.5%217

Bachelor's Degree

46.4%1,542

Master's Degree

14.1%469

Professional Degree

10.4%347

Doctorate

1.7%56

HS or Higher

98.5%

BA or Higher

72.7%

Graduate+

26.2%

Housingi

Median Home Valuei

$1,153,400

Median Renti

$1,782

Tenure

Owner-Occupied

59.1%1,219

Renter-Occupied

40.9%845

Total Units

2,355

Homeownership

59.1%

Vacancy Rate

12.4%

Economyi

Median Household Incomei

$131,614

Mean Household Incomei

$245,351

Per Capita Incomei

$116,577

Poverty Ratei

5.8%

Unemploymenti

1.7%

Labor Forcei

1,942

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

Residentsi

122

Avg. Tenant Renti

$426/mo

Avg. Waitlisti

22 months

Programs in this community

Housing Choice Vouchers11 homes96% occupied$679/mo rent

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

Project Based Section 877 homes96% occupied$390/mo rent

Privately owned apartments with rent subsidies tied to the building

Household Incomei

Based on area median of $131,614/yr

Extremely low incomeUnder $39K/yr

89.9%

Very low income$39K–$66K/yr

9.1%

Low income$66K–$105K/yr

Who Receives This Housing

68.9% of subsidized households are headed by a single mother

32.1% of subsidized households are minority

41.6% of subsidized households include someone with a disability

63.1% of subsidized households include a senior (62+)

Social Characteristicsi

Veteransi

304(8.6% of civilian adults)