Cost of Living in Waconia, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
153.6
100 = national avg
+53.6 vs national average
Living Wage (1 Adult)
$67,566
per year
Living Wage (Family of 4)
$159,701
per year
Cost Index by Category
Housing172.1
Food130.2
Transportation160.4
Healthcare124.2
Utilities132.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Waconia is 153.6, which is 53.6% above the national average. Housing costs are above the national average at an index of 172.1. A single adult needs to earn approximately $67,566 per year to cover basic expenses.