Waseca, MN Cost Of Living
Cost Of Living In Waseca, MN Summary
Cost of living in Waseca research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Waseca is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Waseca is 88, with 100 being the average.
The cost of living index in Waseca is 0.9x lower than the national average.
Waseca ranks as the #6 cheapest in Minnesota out of 147.
Waseca ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Waseca is $142,500.
The median income in Waseca is $57,022.
Table Of Contents
Waseca's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Waseca, MN?
According to the most recent data on the cost of living, Waseca has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Minnesota, Waseca has a cost of living index that's 0.9x lower than Minnesota's index of 95.
The standard of living in Waseca ranks as #6 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Waseca ranks as the #141 most expensive place in the North Star State.
For more reading on life in Waseca, check out:
- Living In Waseca
- Waseca Crime Report
- Search Homes For Sale In Waseca, MN
In Minnesota
In America
Waseca Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Waseca. Here is how it fairs on each of the criteria:
The Services index in Waseca is 94.
The Groceries index in Waseca is 104.
The Health index in Waseca is 120.
The Housing index in Waseca is 66.
The Transportation index in Waseca is 101.
The Utilities index in Waseca is 95.
| Living Expense | Waseca | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 88 | 95 | 100 | |
| Services | 94 | 101 | 100 | |
| Groceries | 104 | 98 | 100 | |
| Health | 120 | 111 | 100 | |
| Housing | 66 | 83 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 95 | 95 | 100 | |
Waseca, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Waseca is $142,500.
The Median Rent in Waseca is $840.
The Median Income in Waseca is $57,022.
The Home Value To Income in Waseca is 2.5x.
The Rent To Monthly Income in Waseca is 0.18x.
| Statistic | Waseca | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $142,500 | $250,200 | $244,900 |
| Median Rent | $840 | $1,081 | $1,163 |
| Median Income | $57,022 | $77,706 | $69,021 |
| Home Value To Income | 2.5x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Waseca, MN Costs By Category
Detailed Waseca Services Costs Vs. Minnesota
Detailed Waseca Groceries Costs Vs. Minnesota
Detailed Waseca Health Costs Vs. Minnesota
Detailed Waseca Transportation Costs Vs. Minnesota
Detailed Waseca Utilities Costs Vs. Minnesota
Waseca SnackAbility
/10
Cost Of Living In Cities Around Waseca
The cost of living varies in the cities and towns around Waseca. Here's a quick look at the cost of living in the most populous nearby places:
Lakeville, MN has a cost of living index of 116, 1.3x Waseca.
Burnsville, MN has a cost of living index of 110, 1.2x Waseca.
Apple Valley, MN has a cost of living index of 112, 1.3x Waseca.
| City | Population | Cost Of Living | Vs. Waseca |
|---|---|---|---|
| Lakeville, MN | 69,026 | 116 | 1.3x |
| Burnsville, MN | 63,926 | 110 | 1.2x |
| Apple Valley, MN | 55,237 | 112 | 1.3x |
| Shakopee, MN | 43,396 | 108 | 1.2x |
| Savage, MN | 32,092 | 113 | 1.3x |
| Prior Lake, MN | 27,242 | 115 | 1.3x |
| Owatonna, MN | 26,366 | 92 | 1.0x |
| Farmington, MN | 23,253 | 105 | 1.2x |
| North Mankato, MN | 14,356 | 96 | 1.1x |
| St. Peter, MN | 11,699 | 97 | 1.1x |
