Cost of Living in Owatonna, MN
Population: 26,462 • 2026 Data
$81,276
Median Household Income
+5% vs national
$1,010
Median Monthly Rent
-25% vs national
$234,600
Median Home Value
-31% vs national
3.2%
Unemployment Rate
Housing in Owatonna
The median home value in Owatonna, MN is $234,600. Monthly rent for a typical unit averages $1,010, while total monthly housing costs (including utilities and insurance) average $1,191.
Rent-to-income ratio: 14.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Owatonna, MN is $81,276. The unemployment rate stands at 3.2%, with a labor force of 13,566 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.