Waite Park, MN Cost Of Living
Cost Of Living In Waite Park, MN Summary
Cost of living in Waite Park 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 Waite Park 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 Waite Park is 100, with 100 being the average.
The cost of living index in Waite Park is 1.0x lower than the national average.
Waite Park ranks as the #43 cheapest in Minnesota out of 148.
Waite Park ranks as the #2,621 cheapest out of 6,489 in the US.
The median home value in Waite Park is $250,723.
The median income in Waite Park is $56,884.
Table Of Contents
Waite Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Waite Park, MN?
According to the most recent data on the cost of living, Waite Park has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Waite Park has a cost of living index that's 1.0x higher than Minnesota's index of 97.
The standard of living in Waite Park ranks as #43 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Waite Park ranks as the #105 most expensive place in the North Star State.
For more reading on life in Waite Park, check out:
In Minnesota
In America
Waite Park Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Waite Park. Here is how it fairs on each of the criteria:
The Services index in Waite Park is 111.
The Groceries index in Waite Park is 98.
The Health index in Waite Park is 124.
The Housing index in Waite Park is 90.
The Transportation index in Waite Park is 98.
The Utilities index in Waite Park is 94.
| Living Expense | Waite Park | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 100 | 97 | 100 | |
| Services | 111 | 101 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 124 | 110 | 100 | |
| Housing | 90 | 100 | 100 | |
| Transportation | 98 | 95 | 100 | |
| Utilities | 94 | 94 | 100 | |
Waite Park, 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 Waite Park is $250,723.
The Median Rent in Waite Park is $1,072.
The Median Income in Waite Park is $56,884.
The Home Value To Income in Waite Park is 4.4x.
The Rent To Monthly Income in Waite Park is 0.23x.
| Statistic | Waite Park | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $250,723 | $344,484 | $303,400 |
| Median Rent | $1,072 | $1,235 | $1,348 |
| Median Income | $56,884 | $87,556 | $78,538 |
| Home Value To Income | 4.4x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Waite Park, MN Costs By Category
Detailed Waite Park Services Costs Vs. Minnesota
| Item | Waite Park | Minnesota |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $11.24 | $12.13 |
| Bowling | $26.39 | $18 |
| Haircut | $27.97 | $24.26 |
| Beauty Salon | $37.17 | $45.56 |
Detailed Waite Park Groceries Costs Vs. Minnesota
| Item | Waite Park | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.35 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $4.86 | $4.93 |
| Pizza | $13.07 | $12.09 |
| Beer | $9.52 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Waite Park Health Costs Vs. Minnesota
| Item | Waite Park | Minnesota |
|---|---|---|
| Optometrist | $109.94 | $125.68 |
| Doctor | $162.98 | $135.78 |
| Dentist | $96.9 | $113.29 |
Detailed Waite Park Transportation Costs Vs. Minnesota
| Item | Waite Park | Minnesota |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $61.97 | $59.92 |
Detailed Waite Park Utilities Costs Vs. Minnesota
| Item | Waite Park | Minnesota |
|---|---|---|
| All Electricity | $175.69 | $193.99 |
| Phone | $188.55 | $192.25 |
Waite Park SnackAbility
/10
Cost Of Living In Cities Around Waite Park
The cost of living varies in the cities and towns around Waite Park. Here's a quick look at the cost of living in the most populous nearby places:
Maple Grove, MN has a cost of living index of 118, 1.2x Waite Park.
St. Cloud, MN has a cost of living index of 98, 1.0x Waite Park.
Andover, MN has a cost of living index of 119, 1.2x Waite Park.
| City | Population | Cost Of Living | Vs. Waite Park |
|---|---|---|---|
| Maple Grove, MN | 70,539 | 118 | 1.2x |
| St. Cloud, MN | 69,926 | 98 | 1.0x |
| Andover, MN | 32,825 | 119 | 1.2x |
| Champlin, MN | 23,450 | 110 | 1.1x |
| Sartell, MN | 19,620 | 108 | 1.1x |
| St. Michael, MN | 19,267 | 110 | 1.1x |
| Sauk Rapids, MN | 13,851 | 101 | 1.0x |
| Rogers, MN | 13,405 | 122 | 1.2x |
| Mound, MN | 9,176 | 105 | 1.1x |
| Oak Grove, MN | 9,031 | 116 | 1.2x |
