Living in Waseca, Minnesota
Cost of living, income, home prices, rent and demographics of Waseca · Census data 2020–2024
Waseca has 9,164 residents with a median age of 38. The median household income is $64,074 (28% lower than the Minnesota median), the median home value is $189,200, the median rent is $903/month.
Waseca at a glance
- Population
- 9,164
- Median age
- 38State: 38.8
- Median household income
- $64,074State: $89,062
- Median home value
- $189,200State: $329,300
- Median rent
- $903/moState: $1,280
- Homeowners
- 71.9%
- Bachelor's degree or higher
- 17.2%
- Average commute
- 19 min
Is Waseca a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 19 minutes; unemployment of 2.8%.
Cons: Median household income 28% lower than the Minnesota median; a poverty rate of 9.5%.
The weather is best in June to September.
Cost of living in Waseca
Housing is the biggest part of the cost of living. In Waseca the median home value is $189,200, 43% lower than the U.S. median. Renters pay a median of $903 per month, which is 28.4% of household income. Homeowners with a mortgage pay $1,469 a month in housing costs.
Waseca median household income
The median household income in Waseca is $64,074 and the income per person is $30,270. 9.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Waseca: homes for sale and rent
- Housing units
- 3,682
- Owner-occupied
- 71.9%
- Renter-occupied
- 28.1%
- Vacant
- 3.7%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.33
Waseca demographics
- Population
- 9,164
- Median age
- 38
- Under 18
- 24.1%
- 65 and older
- 16.5%
- Households
- 3,546
- Foreign-born
- 3.3%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Waseca ›
Education in Waseca
17.2% of adults 25 and older in Waseca have a bachelor's degree or higher (Minnesota: 39.4%), and 3.8% have a graduate or professional degree.
Jobs and commute in Waseca
- Unemployment rate
- 2.8%State: 4.1%
- Average commute
- 19 minState: 23 min
- Work from home
- 2.8%
- Drive alone
- 84.8%
- Public transit
- 0.3%
- Walk to work
- 2.7%
- Homes with broadband
- 88.2%
Waseca vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waseca | 9,164 | $64,074 | $189,200 | $903 |
| Waterville | 1,947 | $76,406 | $236,000 | $884 |
| Morristown | 1,265 | $83,059 | $184,800 | $1,018 |
| Janesville | 2,378 | $74,643 | $206,800 | $873 |
| Elysian | 676 | $89,632 | $285,400 | $1,088 |
| New Richland | 1,184 | $67,000 | $137,000 | $585 |
| Owatonna | 26,498 | $80,750 | $245,200 | $1,067 |
| Warsaw | 560 | $93,750 | $301,500 | $825 |
| Waldorf | 171 | $48,000 | $133,000 | — |
More for people moving to Waseca
Waseca ZIP code ›Weather and climate ›Living in Waseca: FAQ
What is the median household income in Waseca, MN?
The median household income in Waseca is $64,074, 28% 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 Waseca?
The median home value in Waseca is $189,200, compared with $329,300 in Minnesota.
How much is rent in Waseca?
The median gross rent in Waseca is $903 per month, about 28.4% of household income.
Is Waseca, MN a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 19 minutes; unemployment of 2.8%. Minuses: median household income 28% lower than the Minnesota median; a poverty rate of 9.5%.
What is the median age in Waseca?
The median age in Waseca is 38 years (Minnesota: 38.8).
How long is the commute in Waseca?
The average commute to work in Waseca is 19 minutes; 2.8% of workers work from home.
What is the unemployment rate in Waseca?
The unemployment rate in Waseca is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waseca?
17.2% of adults in Waseca 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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