Living in Owatonna, Minnesota
Cost of living, income, home prices, rent and demographics of Owatonna · Census data 2020–2024
Owatonna has 26,498 residents with a median age of 40.4. The median household income is $80,750 (9% lower than the Minnesota median), the median home value is $245,200, the median rent is $1,067/month.
Owatonna at a glance
- Population
- 26,498
- Median age
- 40.4State: 38.8
- Median household income
- $80,750State: $89,062
- Median home value
- $245,200State: $329,300
- Median rent
- $1,067/moState: $1,280
- Homeowners
- 75.6%
- Bachelor's degree or higher
- 29.3%
- Average commute
- 18 min
Is Owatonna a good place to live?
Pros: Home values 26% lower than the state median; an average commute of 18 minutes; unemployment of 3.6%; a poverty rate of 9.2%.
Cons: Median household income 9% lower than the Minnesota median.
The weather is best in June to September.
Cost of living in Owatonna
Housing is the biggest part of the cost of living. In Owatonna the median home value is $245,200, 26% lower than the U.S. median. Renters pay a median of $1,067 per month, which is 35.6% of household income. Homeowners with a mortgage pay $1,661 a month in housing costs.
Owatonna median household income
The median household income in Owatonna is $80,750 and the income per person is $41,767. 9.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Owatonna: homes for sale and rent
- Housing units
- 11,500
- Owner-occupied
- 75.6%
- Renter-occupied
- 24.4%
- Vacant
- 4.2%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.36
Owatonna demographics
- Population
- 26,498
- Median age
- 40.4
- Under 18
- 23.9%
- 65 and older
- 19.5%
- Households
- 11,018
- Foreign-born
- 4.7%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Owatonna ›
Education in Owatonna
29.3% of adults 25 and older in Owatonna have a bachelor's degree or higher (Minnesota: 39.4%), and 9.1% have a graduate or professional degree.
Jobs and commute in Owatonna
- Unemployment rate
- 3.6%State: 4.1%
- Average commute
- 18 minState: 23 min
- Work from home
- 8.3%
- Drive alone
- 81.7%
- Public transit
- 1.2%
- Walk to work
- 1.8%
- Homes with broadband
- 87.9%
Owatonna vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Owatonna | 26,498 | $80,750 | $245,200 | $1,067 |
| Medford | 1,257 | $108,250 | $249,600 | $1,175 |
| Claremont | 502 | $56,625 | $132,800 | $1,038 |
| Warsaw | 560 | $93,750 | $301,500 | $825 |
| Waseca | 9,164 | $64,074 | $189,200 | $903 |
| Morristown | 1,265 | $83,059 | $184,800 | $1,018 |
| Faribault | 24,631 | $61,449 | $241,500 | $1,074 |
| Ellendale | 754 | $89,375 | $155,200 | $804 |
| West Concord | 843 | $70,536 | $180,400 | $799 |
More for people moving to Owatonna
Owatonna ZIP code ›Weather and climate ›Living in Owatonna: FAQ
What is the median household income in Owatonna, MN?
The median household income in Owatonna is $80,750, 9% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Owatonna?
The median home value in Owatonna is $245,200, compared with $329,300 in Minnesota.
How much is rent in Owatonna?
The median gross rent in Owatonna is $1,067 per month, about 35.6% of household income.
Is Owatonna, MN a good place to live?
Pluses: home values 26% lower than the state median; an average commute of 18 minutes; unemployment of 3.6%; a poverty rate of 9.2%. Minuses: median household income 9% lower than the Minnesota median.
What is the median age in Owatonna?
The median age in Owatonna is 40.4 years (Minnesota: 38.8).
How long is the commute in Owatonna?
The average commute to work in Owatonna is 18 minutes; 8.3% of workers work from home.
What is the unemployment rate in Owatonna?
The unemployment rate in Owatonna is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Owatonna?
29.3% of adults in Owatonna have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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