Cost of Living in Waseca County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Waseca County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Waseca County, Minnesota
Waseca rents remain below national benchmarks
At 13.1%, Waseca's rent-to-income ratio beats the national standard and undercuts Minnesota's state average of 14.5%. Renters here spend roughly $819 monthly on housing while earning a median household income of $75,052—nearly matching the U.S. median of $74,755.
More affordable than most Minnesota counties
Waseca ranks among Minnesota's more affordable housing markets, with renters paying $96 less per month than the state average of $915. The county's 13.1% rent-to-income ratio places it solidly in the affordable tier statewide.
Competitive with nearby rural counties
Waseca's $819 monthly rent sits between Watonwan County ($807) and Winona County ($866), offering moderate pricing in Minnesota's south-central region. Home values at $213,200 are reasonable for the area, positioning Waseca as a middle-ground option among rural neighbors.
Renters and buyers both find value
Renters dedicate 13.1% of income to monthly rent, while homeowners spend roughly 18.2% on mortgage and owner costs ($1,139 monthly). Together, these figures show Waseca's housing is genuinely affordable across both rental and ownership markets.
Consider Waseca for balanced affordability
If you're relocating to Minnesota and value lower housing costs without sacrificing income potential, Waseca delivers solid fundamentals: sub-14% rent ratios and median incomes near the national average. Compare Waseca's $819 rents to pricier neighbors like Washington County ($1,637) to see the savings potential.
Affordability Calculator
See how your income compares to housing costs in Waseca County
Rent Burden
13.1%
of gross income
Max Housing (28% Rule)
$1,751
per month
Owner Cost Burden
18.2%
of gross income
You can likely afford the median home in Waseca County
Median home value is $213,200. Estimated monthly cost: $1,702 vs. your max of $1,751.
Rent Affordability Guide
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.