Waconia is a somewhat small city located in the state of Minnesota. With a population of 13,384 people and three associated neighborhoods, Waconia is the 86th largest community in Minnesota. Much of the housing stock in Waconia was built relatively recently. The construction of new real estate can often be taken as an indication that the local Waconia economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Waconia, where the median household income is $101,619.00.

Waconia real estate is some of the most expensive in Minnesota, although Waconia house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Waconia has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 19.34% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Waconia is a great place for families with children to consider. First of all, many other families with children live here, making Waconia a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Waconia has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Waconia’s overall crime rate is lower than average for the country.

The education level of Waconia ranks among the highest in the nation. Of the 25-and-older adult population in Waconia, 49.03% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Waconia in 2022 was $48,432, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $193,728 for a family of four.

The people who call Waconia home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Waconia residents report their race to be White, followed by Black or African-American. Important ancestries of people in Waconia include German, Norwegian, Irish, Swedish, and English.

The most common language spoken in Waconia is English. Other important languages spoken here include Spanish and French.