Cost of Living in Wabasha County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Wabasha County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wabasha County ranks #297 of 3,144 counties for affordability (top 9%)
Data Story
About Cost of Living in Wabasha County, Minnesota
Wabasha balances income and affordability
Wabasha County's 11.9% rent-to-income ratio is excellent—well below the national average—supported by a $80,133 median income that exceeds national norms by 7%. The $798 monthly rent remains moderate, making Wabasha an attractive option for those seeking both solid earnings and housing affordability.
Among Minnesota's most affordable counties
At 11.9%, Wabasha County beats Minnesota's 14.5% state average, ranking among the state's most affordable housing markets. The $798 rent runs $117 below the state average, while the $80,133 income provides residents a comfortable buffer.
Strong affordability with higher incomes
Wabasha County's $798 rent is competitive with Stevens ($833) and Todd ($850), but the $80,133 income—second-highest in the cluster—makes housing more accessible here. The $245,800 median home value reflects modest appreciation potential for homeowners.
Optimal balance for homeowners
Renters pay just $798 monthly while homeowners invest $1,161, with a median home value of $245,800. At 11.9% of the $80,133 income, Wabasha residents allocate minimal housing burden to rent while retaining strong equity-building capacity through homeownership.
Sweet spot for stability seekers
Wabasha County combines above-average wages with below-average housing costs, appealing to families and homebuyers seeking stability. Compare it to Steele County if you want similar income levels with slightly more affordable rents.
Cost of Living Advisory: Wabasha County
Affordability Verdict
For renters in Wabasha County, the market is affordable. Expect to pay around $798/month in gross rent, with 27.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Wabasha County is $798/month, while owner costs run $1,161/month. Renting saves approximately $363/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,920/year. For owner costs at the 28% rule, the required income is roughly $49,757/year. With a median household income of $80,133, most households can comfortably afford rent here. Notably, 27.0% of renter households in Wabasha County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Todd County where rent averages $850/month, Wabasha County is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Wabasha County
Rent Burden
12.0%
of gross income
Max Housing (28% Rule)
$1,870
per month
Owner Cost Burden
17.4%
of gross income
The median home in Wabasha County may be a stretch
Median home value is $245,800. Estimated monthly cost: $1,962 vs. your max of $1,870.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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