Waseca cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWasecaMinnesotaNational
Cost of living index90104100
IndexWasecaMinnesotaNational
Goods & Services index98109100
Groceries index103106100
Health care index118110100
Housing index65100100
Transportation index99100100
Utilities index9798100
The above illustration supplies generalized information for the Waseca, MN cost of living index. Compared to other cities in Minnesota and cities across the country, the cost of living index in Waseca, MN is 90, which is 14% lower than the Minnesota average and 10% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Waseca, MN are 10% lower than the average for Minnesota and 2% lower than the rest of the country.
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Did you know?

  • The cost of living in Waseca is 14% lower than the Minnesota average.
  • The cost of living in Waseca is 10% lower than the national average.
  • The cost of housing in Waseca is 35% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

Compare Waseca, MN Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Waseca, MN to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Waseca, MN, you have to earn a higher income in order to still have the same standard of living. To operate the Waseca, MN salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,203$5,267$1,475$1,896
Renters$22,593$1,883$527$678
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Waseca, MN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Waseca, MN homeowners have a median income of $63,203. Using that number, you will come up with a maximum of $1,475 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $22,593, which means there is a maximum of $527 to be spent on the costs of renting a home or apartment.

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax
Minnesota6.875%7.875%

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
Minnesota5.35%9.85%
One thing to keep in mind when considering the cost of living in Waseca, MN is the Minnesota sales tax and Minnesota income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Minnesota sales tax rate is 6.875% and the maximum surtax that can be charged is 7.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Minnesota income tax rates range from 5.35% to 9.85%.

Goods & Services

ItemWasecaNational avg.Difference
Haircut $22.50$17.4928.6%
Beauty Salon $27.60$38.1727.7%
Toothpaste $2.23$2.323.9%
Shampoo $0.99$1.012.2%
Movie $9.75$10.729.1%
Bowling $10.00$13.8627.9%

Groceries

ItemWasecaNational avg.Difference
Ground Beef $3.43$3.9012.0%
Fried Chicken $2.73$1.4095.6%
Milk $1.73$1.9611.8%
Potatoes $3.24$3.181.8%
Pizza $11.99$10.3915.4%
Beer $8.99$9.232.6%

Health Care

ItemWasecaNational avg.Difference
Optometrist $111.30$106.344.7%
Doctor $204.33$115.2577.3%
Dentist $101.00$98.382.7%
Ibuprofen $10.69$9.2615.4%
Lipitor $348.93$466.4725.2%

Housing

ItemWasecaNational avg.Difference
Home Price $123,500.00$184,700.0033.1%
Avg. Mortgage Payment $745.67$1,273.3241.4%
Apartment Rent $590.00$949.0037.8%

Transportation

ItemWasecaNational avg.Difference
Gasoline $2.64$2.591.8%
Tire Balancing $47.33$48.903.2%

Utilities

ItemWasecaNational avg.Difference
All Electricity$161.10$167.603.9%
Phone $179.21$163.429.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Waldorf, MN19884-16%
New Richland, MN1,19585-15%
Ellendale, MN73387-13%
Morristown, MN91891-9%
Janesville, MN2,67491-9%
Waseca, MN9,26790-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Grosse Pointe Farms, MI9,26511717%
Ecorse, MI9,27082-18%
Grants, NM9,26381-19%
Augusta, KS9,26288-12%
Monmouth, IL9,27279-21%
Waseca, MN9,26790-10%
Source: The Waseca, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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