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 98, 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 101.
The standard of living in Owatonna ranks as #33 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Owatonna ranks as the #118 most expensive place in the North Star State.
For more reading on life in Owatonna, check out:
Owatonna Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Owatonna. Here is how it fares on each of the criteria:
The Services index in Owatonna is 99.
The Groceries index in Owatonna is 100.
The Health index in Owatonna is 92.
The Housing index in Owatonna is 98.
The Transportation index in Owatonna is 105.
The Utilities index in Owatonna is 100.
| Living Expense | Owatonna | Minnesota | National Average |
|---|---|---|---|
| Overall | 98 | 101 | 100 |
| Services | 99 | 101 | 100 |
| Groceries | 100 | 99 | 100 |
| Health | 92 | 99 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 100 | 101 | 100 |
Owatonna Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Owatonna Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Owatonna is $294,000.
The Median Rent in Owatonna is $1,067.
The Median Income in Owatonna is $80,750.
The Home Value To Income in Owatonna is 3.6x.
The Rent To Monthly Income in Owatonna is 0.16x.
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
Owatonna SnackAbility
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 108, 1.1x Owatonna.
Lakeville, MN has a cost of living index of 122, 1.2x Owatonna.
Apple Valley, MN has a cost of living index of 114, 1.2x Owatonna.
| City | Population | Cost Of Living | Vs. Owatonna |
|---|---|---|---|
| Rochester, MN | 122,330 | 108 | 1.1x |
| Lakeville, MN | 74,354 | 122 | 1.2x |
| Apple Valley, MN | 55,679 | 114 | 1.2x |
| Savage, MN | 32,889 | 121 | 1.2x |
| Prior Lake, MN | 28,016 | 120 | 1.2x |
| Rosemount, MN | 27,562 | 117 | 1.2x |
| Faribault, MN | 24,631 | 99 | 1.0x |
| Farmington, MN | 23,902 | 112 | 1.1x |
| North Mankato, MN | 14,211 | 104 | 1.1x |
| St. Peter, MN | 12,185 | 97 | 1.0x |
