Cost of Living in Waseca, MN

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A+
7%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
24%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Waseca Minnesota National
Cost of living93100100
Groceries100100100
Health care101100100
Housing76100100
Transportation97100100
Utilities106104100
Lifestyle & Entertainment99100100
Household Items97100100
Education & Childcare10499100
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Homes For Sale In Waseca, MN

property for sale

610 8th Ave NE

Waseca, MN
property for sale

711 3rd Ave SE

Waseca, MN
property for sale

29081 132nd St

Waseca, MN
property for sale

14303 345th Ave

Waseca, MN
See the Newest Homes For Sale In Waseca, MN

Cost Of Living Quick Facts

  • The cost of living in Waseca is 7% lower than the Minnesota average
  • The cost of living in Waseca is 7% lower than the national average
  • Waseca housing is 24% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Waseca

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$93,867$7,822$2,190$2,816
      Renters$45,104$3,759$1,052$1,353
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Waseca, MN, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Waseca, homeowners have a median income of $93,867. Using that number, a maximum of $2,190 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $45,104, which means there is a maximum of $1,052 to be spent on the costs of renting a home or apartment.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      New Richland, MN1,0608713.1%
      Waldorf, MN1858811.8%
      Ellendale, MN777919.0%
      Waterville, MN1,898937.0%
      Morristown, MN980936.7%
      Waseca, MN9,195937.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Olney, IL9,1968317.4%
      Picture Rocks, AZ9,197954.9%
      South Amboy, NJ9,19212928.7%
      Toppenish, WA9,1991011.2%
      Ashland, NJ9,18912222.1%
      Waseca, MN9,195937.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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