Waseca, MN Cost Of Living

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

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Waseca's Overall Cost Of Living
0.9x
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:

6 out of 147
In Minnesota
1,278 out of 6,412
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
For more reading on cost of living around Minnesota, check out:
Waseca Cost of Living Vs. MN

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
Search Homes For Sale In Waseca, MN
$142,500
Median Home Value
$840
Median Rent
$57,022
Median Income

Waseca, MN Costs By Category

Detailed Waseca Services Costs Vs. Minnesota

Item Waseca Minnesota
Shampoo $0.92 $1.06
Movie $8.83 $10.68
Bowling $9.17 $14.67
Haircut $21.16 $18.62
Beauty Salon $30.55 $39.05

Detailed Waseca Groceries Costs Vs. Minnesota

Item Waseca Minnesota
Ground Beef $4.86 $4.22
Fried Chicken $1.64 $1.39
Milk $2.14 $2.05
Potatoes $3.84 $3.29
Pizza $11.66 $10.62
Beer $8.98 $9.38
Toothpaste $2.27 $2.34

Detailed Waseca Health Costs Vs. Minnesota

Item Waseca Minnesota
Optometrist $125.17 $108.57
Doctor $204.33 $116.17
Dentist $101.0 $99.13

Detailed Waseca Transportation Costs Vs. Minnesota

Item Waseca Minnesota
Gasoline $2.2 $2.22
Tire Balancing $47.72 $50.07

Detailed Waseca Utilities Costs Vs. Minnesota

Item Waseca Minnesota
All Electricity $157.58 $167.67
Phone $182.1 $175.64

Waseca SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
6
Affordability
8
Diversity
7
Safety
6
Amenities
8.5
Education
6
Commute
8.5

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

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