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Wayzata, MN

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Wayzata is a very small city located in the state of Minnesota. With a population of 4,338 people and just one neighborhood, Wayzata is the 173rd largest community in Minnesota. There's nothing like the smell of a brand new house, and in Wayzata, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Wayzata, and putting down their money on brand new construction. Wayzata’s real estate is, on average, some of the newest in the nation. Wayzata does seem to be experiencing an influx of affluent people, because the median household income is $118,456.00.

Wayzata home prices are not only among the most expensive in Minnesota, but Wayzata real estate also consistently ranks among the most expensive in America.

Occupations and Workforce

Wayzata is a decidedly white-collar city, with fully 87.06% of the workforce employed in white-collar jobs, well above the national average. Overall, Wayzata is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Wayzata who work in management occupations (24.57%), sales jobs (12.94%), and healthcare (9.75%).

Also of interest is that Wayzata 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: 19.16% 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.

Setting & Lifestyle

Being a small city, Wayzata does not have a public transit system used by locals to get to and from work.

Demographics

Do you like to read, write and learn? If you move to Wayzata, you'll likely find that many of your neighbors like to as well. Wayzata is one of the more educated communities in America, with a full 67.55% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Wayzata in 2022 was $114,230, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $456,920 for a family of four.

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

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

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

If you are planning to retire in Minnesota, this neighborhood should be on your must-see list. For many reasons, may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Minnesota, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.7% of neighborhoods in MN. If a Minnesota retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.

Diversity

Did you know that the neighborhood has more Swedish and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.3% of this neighborhood's residents have Swedish ancestry and 12.9% have Norwegian ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the neighborhood in Wayzata are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 85.5% of the neighborhoods in America. In addition, 2.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.4% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 61.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.4%), and 5.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 95.9% of households.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the neighborhood in Wayzata, MN, residents most commonly identify their ethnicity or ancestry as German (24.7%). There are also a number of people of Irish ancestry (15.2%), and residents who report Norwegian roots (12.9%), and some of the residents are also of Swedish ancestry (11.3%), along with some English ancestry residents (11.2%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (52.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
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Crimes Per Square Mile
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Schools include:
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