Waite Park, MN
Population 8,341 · Minnesota
About Waite Park, MN
Waite Park is a small community in Minnesota with a population of 8,341 residents. The median household income is $56,884 per year, which is near the national average. The median age in Waite Park is 39.3 years.
Housing in Waite Park has a median home value of $217,000 and median monthly rent of $1,072. Of the 3,712 total housing units, the majority are owner-occupied, with 1,868 owner-occupied and 1,707 renter-occupied units.
The unemployment rate in Waite Park is 9.2% and the poverty rate is 24.1%. 17.6% of residents hold a bachelor's degree or higher. The average commute time is 18.9 minutes.
Cost of Living in Waite Park, MN
Compared to national averages, Waite Park has a median household income of $56,884 (24% below the national median of $75,149). Home values average $217,000, which is 11% below the national median. Monthly rent at $1,072 is 8% below the US average of $1,163. Within Minnesota, Waite Park's income is 23% below the state average of $74,221, and home values are 6% above the state median of $204,472.
Why Live in Waite Park, MN?
Waite Park offers affordable housing with a median home value of $217,000, below the US average of $244,900, and rent that’s lower than the national average at $1,072/month, and short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($56,884) that falls below the national average. However, Waite Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waite Park has a population of 8,341 with a median age of 39.3 years. Compare Waite Park with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Waite Park
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Virginia | 8,362 | $48,321 | $117,500 | Compare |
| Dayton | 8,381 | $137,383 | $510,600 | Compare |
| St. Francis | 8,279 | $101,875 | $297,800 | Compare |
| Orono | 8,205 | $181,875 | $952,400 | Compare |
| New Prague | 8,195 | $98,424 | $323,500 | Compare |
| Minnetrista | 8,509 | $156,346 | $624,600 | Compare |
| Mahtomedi | 8,108 | $132,326 | $466,100 | Compare |
| Albertville | 8,066 | $126,307 | $326,400 | 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 Waite Park
What is the population of Waite Park, MN?
The population of Waite Park, MN is 8,341 according to the latest Census data.
What is the median household income in Waite Park?
The median household income in Waite Park, MN is $56,884 per year.
What is the median home value in Waite Park?
The median home value in Waite Park, MN is $217,000.
What is the average rent in Waite Park?
The median monthly rent in Waite Park, MN is $1,072.
What is the unemployment rate in Waite Park?
The unemployment rate in Waite Park, MN is 9.2%.