Cost of Living in Waterville, 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 Waterville 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 Waterville, MN

property for sale

918 Reed St N

Waterville, MN
property for sale

425 2nd St

Waterville, MN
property for sale

49335 Sportsmans Ln

Waterville, MN
property for sale

49097 Sportsmans Ln

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

Cost Of Living Quick Facts

  • The cost of living in Waterville is 7% lower than the Minnesota average
  • The cost of living in Waterville is 7% lower than the national average
  • Waterville 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 Waterville

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Compare Waterville, MN Cost of Living

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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$112,236$9,353$2,619$3,367
      Renters$54,304$4,525$1,267$1,629

      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.
      Kilkenny, MN123937.5%
      Le Center, MN2,727937.0%
      Waseca, MN9,195937.0%
      Morristown, MN980936.7%
      Janesville, MN2,588955.3%
      Waterville, MN1,898937.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kingstown, MD1,89811414.5%
      South Paris, ME1,898936.8%
      Lynnwood-Pricedale, PA1,8989010.2%
      Troy, TN1,8988514.8%
      Encantada-Ranchito-El Calaboz, TX1,8987822.1%
      Waterville, MN1,898937.0%
      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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