Owatonna, MN
Population 26,462 · Minnesota
About Owatonna, MN
Owatonna is a mid-sized city in Minnesota with a population of 26,462 residents. The median household income is $81,276 per year, which is above the national average. The median age in Owatonna is 40 years.
Housing in Owatonna has a median home value of $234,600 and median monthly rent of $1,010. Of the 11,371 total housing units, the majority are owner-occupied, with 8,353 owner-occupied and 2,540 renter-occupied units.
The unemployment rate in Owatonna is 3.2% and the poverty rate is 8.2%. 32.3% of residents hold a bachelor's degree or higher. The average commute time is 17.6 minutes.
How Owatonna Ranks in Minnesota
Cost of Living in Owatonna, MN
Compared to national averages, Owatonna has a median household income of $81,276 (8% above the national median of $75,149). Home values average $234,600, which is 4% below the national median. Monthly rent at $1,010 is 13% below the US average of $1,163. Within Minnesota, Owatonna's income is 10% above the state average of $74,221, and home values are 15% above the state median of $204,472.
Why Live in Owatonna, MN?
Owatonna offers a strong local economy with a median household income of $81,276, well above the national average, and affordable housing with a median home value of $234,600, below the US average of $244,900, and rent that’s lower than the national average at $1,010/month. Additionally, the city features a strong job market with an unemployment rate of just 3.2%, and a low poverty rate of 8.2%, better than the national average, and short commute times averaging just 17.6 minutes.
Owatonna has a population of 26,462 with a median age of 40 years. Compare Owatonna with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Owatonna
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rosemount | 26,509 | $127,247 | $406,100 | Compare |
| Elk River | 26,367 | $99,457 | $338,300 | Compare |
| Shoreview | 26,724 | $109,399 | $365,100 | Compare |
| Austin | 26,167 | $66,488 | $155,100 | Compare |
| Chanhassen | 26,001 | $138,034 | $530,700 | Compare |
| Winona | 25,998 | $56,163 | $193,500 | Compare |
| Prior Lake | 27,832 | $130,278 | $429,900 | Compare |
| Ramsey | 28,070 | $112,060 | $345,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Owatonna
What is the population of Owatonna, MN?
The population of Owatonna, MN is 26,462 according to the latest Census data.
What is the median household income in Owatonna?
The median household income in Owatonna, MN is $81,276 per year.
What is the median home value in Owatonna?
The median home value in Owatonna, MN is $234,600.
What is the average rent in Owatonna?
The median monthly rent in Owatonna, MN is $1,010.
What is the unemployment rate in Owatonna?
The unemployment rate in Owatonna, MN is 3.2%.