Owatonna, MN Cost Of Living
Cost Of Living In Owatonna, MN Summary
Cost of living in Owatonna 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 Owatonna 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 Owatonna is 96, with 100 being the average.
The cost of living index in Owatonna is 1.0x lower than the national average.
Owatonna ranks as the #24 cheapest in Minnesota out of 148.
Owatonna ranks as the #2,104 cheapest out of 6,489 in the US.
The median home value in Owatonna is $297,634.
The median income in Owatonna is $81,276.
Table Of Contents
Owatonna's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Owatonna, MN?
According to the most recent data on the cost of living, Owatonna has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Owatonna has a cost of living index that's 1.0x lower than Minnesota's index of 97.
The standard of living in Owatonna ranks as #24 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Owatonna ranks as the #124 most expensive place in the North Star State.
For more reading on life in Owatonna, check out:
In Minnesota
In America
Owatonna Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Owatonna. Here is how it fairs on each of the criteria:
The Services index in Owatonna is 97.
The Groceries index in Owatonna is 100.
The Health index in Owatonna is 113.
The Housing index in Owatonna is 92.
The Transportation index in Owatonna is 96.
The Utilities index in Owatonna is 93.
| Living Expense | Owatonna | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 96 | 97 | 100 | |
| Services | 97 | 101 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 113 | 110 | 100 | |
| Housing | 92 | 100 | 100 | |
| Transportation | 96 | 95 | 100 | |
| Utilities | 93 | 94 | 100 | |
Owatonna, 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 2019-2023. The key points are:
The Median Home Value in Owatonna is $297,634.
The Median Rent in Owatonna is $1,010.
The Median Income in Owatonna is $81,276.
The Home Value To Income in Owatonna is 3.7x.
The Rent To Monthly Income in Owatonna is 0.15x.
Median Home Value
Median Rent
Median Income
Owatonna, MN Costs By Category
Detailed Owatonna Services Costs Vs. Minnesota
Detailed Owatonna Groceries Costs Vs. Minnesota
Detailed Owatonna Health Costs Vs. Minnesota
Detailed Owatonna Transportation Costs Vs. Minnesota
Detailed Owatonna Utilities Costs Vs. Minnesota
Owatonna SnackAbility
/10
Cost Of Living In Cities Around Owatonna
The cost of living varies in the cities and towns around Owatonna. Here's a quick look at the cost of living in the most populous nearby places:
Rochester, MN has a cost of living index of 104, 1.1x Owatonna.
Lakeville, MN has a cost of living index of 119, 1.2x Owatonna.
Apple Valley, MN has a cost of living index of 111, 1.2x Owatonna.
| City | Population | Cost Of Living | Vs. Owatonna |
|---|---|---|---|
| Rochester, MN | 121,638 | 104 | 1.1x |
| Lakeville, MN | 72,480 | 119 | 1.2x |
| Apple Valley, MN | 55,696 | 111 | 1.2x |
| Savage, MN | 32,706 | 118 | 1.2x |
| Prior Lake, MN | 27,832 | 114 | 1.2x |
| Rosemount, MN | 26,509 | 115 | 1.2x |
| Faribault, MN | 24,458 | 96 | 1.0x |
| Farmington, MN | 23,675 | 111 | 1.2x |
| North Mankato, MN | 14,212 | 98 | 1.0x |
| St. Peter, MN | 12,085 | 95 | 1.0x |
