Living in Waltham, Minnesota
Cost of living, income, home prices, rent and demographics of Waltham · Census data 2020–2024
Waltham has 182 residents with a median age of 34.7. The median household income is $69,167 (22% lower than the Minnesota median), the median home value is $95,000, the median rent is $1,188/month.
Waltham is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waltham at a glance
- Population
- 182
- Median age
- 34.7State: 38.8
- Median household income
- $69,167State: $89,062
- Median home value
- $95,000State: $329,300
- Median rent
- $1,188/moState: $1,280
- Homeowners
- 81.8%
- Bachelor's degree or higher
- 2.7%
- Average commute
- 23 min
Is Waltham a good place to live?
Pros: Home values 71% lower than the state median.
Cons: Median household income 22% lower than the Minnesota median; an average commute of 23 minutes; unemployment of 10.3%; a poverty rate of 10.4%.
The weather is best in June to September.
Cost of living in Waltham
Housing is the biggest part of the cost of living. In Waltham the median home value is $95,000, 71% lower than the U.S. median. Renters pay a median of $1,188 per month, which is 20% of household income. Homeowners with a mortgage pay $1,079 a month in housing costs.
Waltham median household income
The median household income in Waltham is $69,167 and the income per person is $24,183. 10.4% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Waltham: homes for sale and rent
- Housing units
- 70
- Owner-occupied
- 81.8%
- Renter-occupied
- 18.2%
- Vacant
- 5.7%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.76
Waltham demographics
- Population
- 182
- Median age
- 34.7
- Under 18
- 37.4%
- 65 and older
- 11.5%
- Households
- 66
- Foreign-born
- 0%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Waltham ›
Education in Waltham
2.7% of adults 25 and older in Waltham have a bachelor's degree or higher (Minnesota: 39.4%), and 0% have a graduate or professional degree.
Jobs and commute in Waltham
- Unemployment rate
- 10.3%State: 4.1%
- Average commute
- 23 minState: 23 min
- Work from home
- 16.1%
- Drive alone
- 81.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 90.9%
Waltham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waltham | 182 | $69,167 | $95,000 | $1,188 |
| Hayfield | 1,395 | $69,313 | $186,600 | $935 |
| Brownsdale | 850 | $77,614 | $148,600 | $739 |
| Lansing | 152 | $44,063 | — | — |
| Blooming Prairie | 1,843 | $63,656 | $161,300 | $907 |
| Mapleview | 110 | $33,750 | $76,700 | $583 |
| Dexter | 350 | $93,750 | $185,900 | $859 |
| Austin | 26,358 | $68,057 | $163,900 | $953 |
| Dodge Center | 2,880 | $93,884 | $197,600 | $1,012 |
More for people moving to Waltham
Waltham ZIP code ›Weather and climate ›Living in Waltham: FAQ
What is the median household income in Waltham, MN?
The median household income in Waltham is $69,167, 22% 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 Waltham?
The median home value in Waltham is $95,000, compared with $329,300 in Minnesota.
How much is rent in Waltham?
The median gross rent in Waltham is $1,188 per month, about 20% of household income.
Is Waltham, MN a good place to live?
Pluses: home values 71% lower than the state median. Minuses: median household income 22% lower than the Minnesota median; an average commute of 23 minutes; unemployment of 10.3%; a poverty rate of 10.4%.
What is the median age in Waltham?
The median age in Waltham is 34.7 years (Minnesota: 38.8).
How long is the commute in Waltham?
The average commute to work in Waltham is 23 minutes; 16.1% of workers work from home.
What is the unemployment rate in Waltham?
The unemployment rate in Waltham is 10.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waltham?
2.7% of adults in Waltham 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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