States › Minnesota › Waite Park

Is Waite Park, MN expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,51813% lower than U.S. average
💵 Families earn per year (2026)$63,939about $5,328/month · 27% lower than U.S. average
🔑 House price$219,40034% lower than U.S. average

Rent is lower than in 57% of U.S. cities. A typical house costs about 3.4 years of household income. Commutes are short, about 18.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $60,720 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Minnesota cities?

Yes. Rent here is cheaper than in most of Minnesota. It is number 75 of 150 cities from cheapest to most expensive.

Waite Park
$1,518
St. Francis
$1,423
Virginia
$808
New Prague
$1,838
Albertville
$1,317
Orono
$2,011
Mahtomedi
$1,764

How much do households earn in Waite Park?

Under $25k
18.3%
$25k–50k
28.4%
$50k–100k
33.5%
$100k–150k
11.0%
$150k+
5.0%

Share of households by yearly income. 16.0% of households earn $100,000 or more.

Rent by apartment size in Waite Park

SizeWaite ParkU.S. average
Studio$871$1,338
1 bedroom$1,041$1,324
2 bedrooms$1,278$1,509
3 bedrooms$1,753$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Waite Park overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Waite Park, so the Minnesota figure is shown.

Taxes and bills in Waite Park

🏛️ Property tax$2,757a year · 1.26% of home value · U.S. $3,119
⚡ Electric bill$137a month (typical) · U.S. $156

Life in Waite Park

Commute to work18.7 minU.S.: 26.4 min
College degree20.1%U.S.: 35.7%
Own their home51.3%U.S.: 65.2%
Below poverty line21.2%U.S.: 12.5%
Unemployment7.5%U.S.: 5.2%

Is it cheaper to rent or buy in Waite Park?

About the same. Renting and owning cost within $4 of each other each month.

Renting
$1,518
Owning
$1,522

Owning assumes a typical $219,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,940 for the down payment.

Frequently asked questions

What is the average rent in Waite Park, MN?

Renting in Waite Park costs a median of about $1,518 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in Waite Park?

To keep rent under 30% of income, you need about $60,720 a year, or $29 an hour at a full-time job.

Is Waite Park cheap or expensive?

Waite Park is rated OK: rent takes 28.5% of the typical household income of $63,939. It ranks 75th cheapest of 150 Minnesota cities we track.

How much are property taxes in Waite Park?

The median homeowner in Waite Park pays $2,757 a year in property taxes, about 1.26% of the median home value.

Is Waite Park more expensive than the national average?

Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Waite Park?

The median home value in Waite Park is $219,400, about 3.4 times the typical yearly household income.

8,399 people live in Waite Park. Numbers are typical (middle) values.