Waconia and Lakeville receive effectively the same standardized Area Score. Which fits you better depends on which dimensions you weight — the differences below are where they actually diverge.
Signals
Waconia
Lakeville
Opportunity
62 · Top 38%
vs59 · Top 45%
Growth
68 · Top 20%
vs75 · Top 10%
Climate
54 · Bottom 4%
vs55 · Bottom 5%
Physical resilience
90 · Top 11%
vs82 · Top 20%
Housing affordability
90 · Top 32%
vs97 · Top 14%
Schools
83 · Top 10%
vs79 · Top 16%
Access
83 · Bottom 26%
vs94 · Top 42%
Economic stability
84 · Top 3%
vs87 · Top 1%
Measured values
| Metric | Waconia | Lakeville | Source period |
|---|---|---|---|
| Population | 13,434 | 74,354 | 2024 ACS 5-Year |
| Median household income | $111,031 | $139,041 | 2024 ACS 5-Year |
| Per capita income | $53,078 | $57,291 | 2024 ACS 5-Year |
| Population density | 2,394/sq mi | 2,014/sq mi | 2024 ACS 5-Year |
| Median home value | $431,000 | $452,500 | 2024 ACS 5-Year |
| Median gross rent | $1,330 | $1,806 | 2024 ACS 5-Year |
| Homeownership rate | 80.3% | 87.8% | 2024 ACS 5-Year |
| Unemployment rate | 4.1% | 4.2% | June 2026 |
| Employment change (year over year) | -1.5% | -1.9% | June 2026 |
| Bachelor's degree or higher | 48.9% | 50.6% | 2024 ACS 5-Year |
| Poverty rate | 4.1% | 2.9% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 180 | 795 | 12 months ending July 2026 |
| Permits per 1,000 residents | 13.4 | 10.7 | 12 months ending July 2026 |
| Permit change (year over year) | -12.6% | 47.2% | 12 months ending July 2026 |
| Average July high | 84°F | 83°F | 1991-2020 Normals |
| Average January low | 8°F | 9°F | 1991-2020 Normals |
| Annual precipitation | 30.6" | 31.6" | 1991-2020 Normals |
| Distance to major airport | 28 mi | 14 mi | NASR current cycle |
| Average commute | 27.0 min | 25.3 min | 2024 ACS 5-Year |
| Median age | 38.4 | 36.8 | 2024 ACS 5-Year |
| Public schools | 9 | 18 | 2024-25 school year |
| Students per teacher | 14.65 | 17.32 | 2024-25 school year |
| Math proficiency | 63.0% | 62.8% | 2019-20 school year |
| Reading proficiency | 64.9% | 66.2% | 2019-20 school year |
| Free or reduced-price lunch eligibility | 12.3% | 21.2% | 2024-25 school year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
Waconia
Elevated or high exposure: strong wind, hail, tornado.
Lakeville
Elevated or high exposure: strong wind, hail, heat wave.
Full profiles: Waconia, MN · Lakeville, MN · How this is calculated: methodology