Cost of Living in Wayzata, MN

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F
50%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
164%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Wayzata Minnesota National
Cost of living150100100
Groceries100100100
Health care97100100
Housing264100100
Transportation102100100
Utilities106104100
Lifestyle & Entertainment96100100
Household Items100100100
Education & Childcare10599100
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Homes For Sale In Wayzata, MN

property for sale

1155 Heritage Ln

Wayzata, MN
property for sale

1921 Fagerness Point Rd

Wayzata, MN
property for sale

225 Broadway Ave N

Wayzata, MN
property for sale

16300 Adeline Ln

Wayzata, MN
See the Newest Homes For Sale In Wayzata, MN

Cost Of Living Quick Facts

  • The cost of living in Wayzata is 49% higher than the Minnesota average
  • The cost of living in Wayzata is 50% higher than the national average
  • Wayzata housing is 164% higher than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Wayzata

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$187,221$15,602$4,368$5,617
      Renters$76,775$6,398$1,791$2,303
      A good way to judge both the affordability of the housing and the cost of living in Wayzata is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Wayzata has a median income of about $187,221 for people who own homes. Based on that number, a maximum of $4,368 should be spent on expenses related to housing. Renters have a slightly different median income, which is $76,775. Based on this average, renters should spend no more than $1,791 on all rental costs if they want to maintain a non-impoverished standard of living.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hilltop, MN1,0458020.0%
      St. Anthony city (Stearns County), MN1088416.4%
      Brooklyn Center, MN31,6821021.8%
      Columbia Heights, MN21,0191021.9%
      Rockford, MN4,5951021.7%
      Wayzata, MN4,74515049.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Blakely, GA4,7458712.9%
      Lake Goodwin, WA4,74314545.4%
      Hollister, MO4,7428911.4%
      Charlotte Harbor, FL4,748973.3%
      Haleiwa, HI4,740201100.8%
      Wayzata, MN4,74515049.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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