Wabasha, MN
Population 2,569 · Minnesota
About Wabasha, MN
Wabasha is a small town located in Minnesota with a population of 2,569 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,016 per year, which is 17% below the national median of $75,149. The median age of 55.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Wabasha features a median home value of $212,800, which is 13% below the national median of $244,900. This positions Wabasha in a moderately priced market relative to the rest of the country. Median monthly rent is $773, 34% below the national average of $1,163/month. Of the 1,380 total housing units, 70% are owner-occupied (849 units) and 30% are renter-occupied (369 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wabasha shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wabasha have an average one-way commute time of 20.9 minutes.
Education & Demographics
24.4% of Wabasha residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Wabasha, MN
Compared to national averages, Wabasha has a median household income of $62,016 (17% below the national median of $75,149). Home values average $212,800, which is 13% below the national median. Monthly rent at $773 is 34% below the US average of $1,163. Within Minnesota, Wabasha's income is 16% below the state average of $74,221, and home values are 4% above the state median of $204,472.
Why Live in Wabasha, MN?
Wabasha offers affordable housing with a median home value of $212,800, below the US average of $244,900, and rent that’s lower than the national average at $773/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a low poverty rate of 9.8%, better than the national average, and short commute times averaging just 20.9 minutes.
Potential considerations include median household income ($62,016) that falls below the national average. However, Wabasha’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wabasha has a population of 2,569 with a median age of 55.2 years. Compare Wabasha with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Wabasha
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pelican Rapids | 2,589 | $65,482 | $177,700 | Compare |
| Sandstone | 2,538 | $50,288 | $137,500 | Compare |
| Osseo | 2,601 | $66,875 | $275,000 | Compare |
| Lake Crystal | 2,530 | $77,979 | $193,800 | Compare |
| Granite Falls | 2,612 | $59,402 | $139,700 | Compare |
| Lexington | 2,616 | $72,955 | $282,000 | Compare |
| Rockville | 2,521 | $101,447 | $327,400 | Compare |
| Le Center | 2,514 | $66,864 | $189,800 | 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.
Compare Wabasha With Other Cities
Frequently Asked Questions about Wabasha
What is the population of Wabasha, MN?
The population of Wabasha, MN is 2,569 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Wabasha?
The median household income in Wabasha, MN is $62,016 per year, which is 17% below the national median of $75,149.
What is the median home value in Wabasha?
The median home value in Wabasha, MN is $212,800, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wabasha?
The median monthly rent in Wabasha, MN is $773, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Wabasha?
The unemployment rate in Wabasha, MN is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wabasha, MN a good place to live?
Wabasha offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,569 and a median age of 55.2, the city appeals to established professionals and retirees.
How educated is Wabasha, MN?
24.4% of residents in Wabasha aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wabasha?
Key cost-of-living indicators for Wabasha, MN: median home value is $212,800 (13% below national), median rent is $773/month, and median household income is $62,016. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wabasha?
The poverty rate in Wabasha, MN is 9.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wabasha, MN?
Wabasha's population is 0.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.