salaryRent is lower than in 86% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.1 minutes.
How much money do I need?
To rent here comfortably, you should earn about $41,280 a year. That is $20 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 21 of 150 cities from cheapest to most expensive.
How much do households earn in Waseca?
Share of households by yearly income. 18.9% of households earn $100,000 or more.
Rent by apartment size in Waseca
| Size | Waseca | U.S. average |
|---|---|---|
| 1 bedroom | $643 | $1,324 |
| 2 bedrooms | $1,034 | $1,509 |
| 3 bedrooms | $1,454 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Waseca overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Waseca, so the Minnesota figure is shown.
Taxes and bills in Waseca
Life in Waseca
Is it cheaper to rent or buy in Waseca?
Renting is cheaper right now: about $281 a month less.
Owning assumes a typical $189,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,920 for the down payment.
Frequently asked questions
What is the average rent in Waseca, MN?
Renting in Waseca costs a median of about $1,032 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Waseca?
To keep rent under 30% of income, you need about $41,280 a year, or $20 an hour at a full-time job.
Is Waseca cheap or expensive?
Waseca is rated Cheap: rent takes 17.9% of the typical household income of $69,104. It ranks 21st cheapest of 150 Minnesota cities we track.
How much are property taxes in Waseca?
The median homeowner in Waseca pays $2,644 a year in property taxes, about 1.40% of the median home value.
Is Waseca 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 Waseca?
The median home value in Waseca is $189,200, about 2.7 times the typical yearly household income.
9,164 people live in Waseca. Numbers are typical (middle) values.