Cost of Living in Wabasha County, Minnesota

$798/mo

Median Monthly Rent

$245,800

Median Home Value

13% below state averageUnaffordable

At a Glance

Median Monthly Rent

$798/mo

13% below state average

Median Home Value

$245,800

13% below national

Rent-to-Income Ratio

27.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Wabasha County Compares

Median monthly rent comparison

Wabasha County$798/mo

Minnesota Average$915/mo

National Median$1,163/mo

Detailed Housing Stats

$798/mo

Median Gross Rent

$245,800

Median Home Value

$1,161/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Wabasha County

Your Annual Household Income

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

Your rent-to-income ratio12.0%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wabasha County, Minnesota?

Wabasha County, Minnesota has a median monthly rent of $798/mo and a median home value of $245,800. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Wabasha County?

The median gross rent in Wabasha County is $798/mo. This is 13% below state average for Minnesota.

Is Wabasha County affordable?

Wabasha County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Wabasha County's rent compare to the state average?

Wabasha County's median rent of $798/mo is 13% below state average of $915/mo for Minnesota.

What is the median home value in Wabasha County?

The median home value in Wabasha County, Minnesota is $245,800. This is 13% below the national median home value of $281,900.