Waite Park, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 #49 cheapest in Minnesota out of 147.

  • Waite Park ranks as the #3,149 cheapest out of 6,412 in the US.

  • The median home value in Waite Park is $181,000.

  • The median income in Waite Park is $47,018.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
100
Waite Park's Overall Cost Of Living
1.0x
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 1.1x higher than Minnesota's index of 95.

The standard of living in Waite Park ranks as #49 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Waite Park ranks as the #98 most expensive place in the North Star State.

For more reading on life in Waite Park, check out:

49 out of 147
In Minnesota
3,149 out of 6,412
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 110.

  • The Groceries index in Waite Park is 112.

  • The Health index in Waite Park is 116.

  • The Housing index in Waite Park is 77.

  • The Transportation index in Waite Park is 98.

  • The Utilities index in Waite Park is 101.

Living Expense Waite Park Minnesota National Average
Overall 100 95 100
Services 110 101 100
Groceries 112 98 100
Health 116 111 100
Housing 77 83 100
Transportation 98 98 100
Utilities 101 95 100
For more reading on cost of living around Minnesota, check out:
Waite Park Cost of Living Vs. MN

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 2017-2021. The key points are:

  • The Median Home Value in Waite Park is $181,000.

  • The Median Rent in Waite Park is $952.

  • The Median Income in Waite Park is $47,018.

  • The Home Value To Income in Waite Park is 3.8x.

  • The Rent To Monthly Income in Waite Park is 0.24x.

Statistic Waite Park Minnesota United States
Median Home Value $181,000 $250,200 $244,900
Median Rent $952 $1,081 $1,163
Median Income $47,018 $77,706 $69,021
Home Value To Income 3.8x 3.2x 3.5x
Rent To Monthly Income 0.24x 0.17x 0.2x
Search Homes For Sale In Waite Park, MN
$181,000
Median Home Value
$952
Median Rent
$47,018
Median Income

Waite Park, MN Costs By Category

Detailed Waite Park Services Costs Vs. Minnesota

Item Waite Park Minnesota
Shampoo $1.41 $1.06
Movie $11.5 $10.68
Bowling $14.67 $14.67
Haircut $22.14 $18.62
Beauty Salon $32.63 $39.05

Detailed Waite Park Groceries Costs Vs. Minnesota

Item Waite Park Minnesota
Ground Beef $4.38 $4.22
Fried Chicken $1.87 $1.39
Milk $2.51 $2.05
Potatoes $3.69 $3.29
Pizza $11.82 $10.62
Beer $9.02 $9.38
Toothpaste $2.47 $2.34

Detailed Waite Park Health Costs Vs. Minnesota

Item Waite Park Minnesota
Optometrist $121.88 $108.57
Doctor $188.46 $116.17
Dentist $98.83 $99.13

Detailed Waite Park Transportation Costs Vs. Minnesota

Item Waite Park Minnesota
Gasoline $2.14 $2.22
Tire Balancing $51.67 $50.07

Detailed Waite Park Utilities Costs Vs. Minnesota

Item Waite Park Minnesota
All Electricity $167.38 $167.67
Phone $181.73 $175.64

Waite Park SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
7
Affordability
5
Diversity
9
Safety
4
Amenities
7
Education
5
Commute
9

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 117, 1.2x Waite Park.

  • St. Cloud, MN has a cost of living index of 100, 1.0x Waite Park.

  • Andover, MN has a cost of living index of 114, 1.1x Waite Park.

City Population Cost Of Living Vs. Waite Park
Maple Grove, MN 69,900 117 1.2x
St. Cloud, MN 68,430 100 1.0x
Andover, MN 32,471 114 1.1x
Champlin, MN 23,877 110 1.1x
Sartell, MN 19,096 106 1.1x
St. Michael, MN 18,148 114 1.1x
Sauk Rapids, MN 13,830 98 1.0x
Rogers, MN 13,182 120 1.2x
Mound, MN 9,365 110 1.1x
Oak Grove, MN 8,870 113 1.1x

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