Wayzata, Minnesota is a small town with a population of just over 4,000. Retirees are a common sight, as they make up 30% of the population compared to 14% nationally, while young adults are less well-represented. Overall, the town's population, at an average age of just over 48, is decidedly older than most cities in Minnesota. Most residents own their homes in Wayzata, and 43% of residents rent. The average rent for Wayzata is $140 per month more than the state average.
Compared to the national average (7%), Wayzata has a large number of residents older than 25 who have advanced degrees, as 14% possess a Master's degree or a Doctoral degree. Furthermore, 26% have a Bachelor's degree, which also outpaces the national average. Wayzata residents have a wide range of industries from which to choose. The four most common are manufacturing, retail, healthcare, and scientific. Combined, these industries account for 26% of the town's labor force. Meanwhile, looking at job function, many workers in these industries are in management, as 11% of the town's population reports this as their field of work, the highest number of any career path. With an average annual income of just over $99,000, Wayzata workers earn about $19,000 more than the average Minnesota resident. Wayzata's average income also compares favorably to the national average ($73,345).
Wayzata has an average commute time of about 24 minutes. Driving a vehicle is the most common way to get to work, selected by 38% of commuters, while public transit isn't used much. Walking isn't a common way to get to work.
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