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Cost of Living in Wabasha County

Is it better to rent or buy in Wabasha County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$82,377
$846/mo

Median in area: $846

$276,495

Median in area: $276,495

$55,299

If you Rent

🔑
$1,133 /mo
Base Rent$846
Est. Utilities$287
% of Income16.5%
Pre-tax Residual$5,732

If you Buy

🏠
$2,168 /mo
P&I (7.115%)$1,489
Taxes & Ins$392
Est. Utilities$287
% of Income31.6%
Pre-tax Residual$4,697

Compare Nearby Areas

See how Wabasha County stacks up against neighboring areas.

countyPepin County, WI
$878/mo
countyWinona County, MN
$895/mo
countyBuffalo County, WI
$893/mo
countyOlmsted County, MN
$1,406/mo
countyGoodhue County, MN
$1,000/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Wabasha County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Wabasha County. The estimated all-in monthly cost for renting is $1,133, while owning a median-priced home with a 20% down payment is roughly $2,168 per month (a difference of $1,035).

How much do utilities cost in Wabasha County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Wabasha County is approximately $287. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Wabasha County?›

To comfortably afford the median rent and utilities in Wabasha County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $45,320 per year.