Wabasso, MN
Population 598 · Minnesota
About Wabasso, MN
Wabasso is a small community located in Minnesota with a population of 598 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,900 per year, which is 15% below the national median of $75,149. The median age of 53 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 Wabasso features a median home value of $105,100, which is 57% below the national median of $244,900. This makes Wabasso one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $633, 46% below the national average of $1,163/month. Of the 273 total housing units, 78% are owner-occupied (193 units) and 22% are renter-occupied (53 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wabasso shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wabasso have an average one-way commute time of 19 minutes, one of the shorter commutes in the region.
Education & Demographics
20.9% of Wabasso residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Wabasso, MN
Compared to national averages, Wabasso has a median household income of $63,900 (15% below the national median of $75,149). Home values average $105,100, which is 57% below the national median. Monthly rent at $633 is 46% below the US average of $1,163. Within Minnesota, Wabasso's income is 14% below the state average of $74,221, and home values are 49% below the state median of $204,472.
Why Live in Wabasso, MN?
Wabasso offers affordable housing with a median home value of $105,100, below the US average of $244,900, and rent that’s lower than the national average at $633/month, and a strong job market with an unemployment rate of just 1.1%. Additionally, the city features a low poverty rate of 8.0%, better than the national average, and short commute times averaging just 19 minutes.
Potential considerations include median household income ($63,900) that falls below the national average. However, Wabasso’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wabasso has a population of 598 with a median age of 53 years. Compare Wabasso with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Wabasso
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glenville | 596 | $53,750 | $119,400 | Compare |
| Kasota | 602 | $70,200 | $171,400 | Compare |
| Sunfish Lake | 594 | $250,001 | $1,109,000 | Compare |
| Motley | 593 | $43,281 | $128,300 | Compare |
| Brewster | 605 | $59,688 | $130,500 | Compare |
| Heron Lake | 591 | $66,607 | $86,200 | Compare |
| Rollingstone | 590 | $86,500 | $217,400 | Compare |
| Halstad | 589 | $67,857 | $114,800 | 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.
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Frequently Asked Questions about Wabasso
What is the population of Wabasso, MN?
The population of Wabasso, MN is 598 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Wabasso?
The median household income in Wabasso, MN is $63,900 per year, which is 15% below the national median of $75,149.
What is the median home value in Wabasso?
The median home value in Wabasso, MN is $105,100, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wabasso?
The median monthly rent in Wabasso, MN is $633, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Wabasso?
The unemployment rate in Wabasso, MN is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wabasso, MN a good place to live?
Wabasso offers a moderate cost of living, affordable housing, and a strong job market. With a population of 598 and a median age of 53, the city appeals to established professionals and retirees.
How educated is Wabasso, MN?
20.9% of residents in Wabasso 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 Wabasso?
Key cost-of-living indicators for Wabasso, MN: median home value is $105,100 (57% below national), median rent is $633/month, and median household income is $63,900. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wabasso?
The poverty rate in Wabasso, MN is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wabasso, MN?
Wabasso's population is 3.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.0% two or more races. 1.3% of residents are foreign-born.