Eveleth, MN vs Waseca, MN

Eveleth is moderately more affordable than Waseca, with a 13% lower cost of living index. Eveleth scores 63 compared to 73 for Waseca, where the US average is 100. This difference means residents of Waseca can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Eveleth is $839/month compared to $796/month in Waseca — a 5% difference. Interestingly, home values tell a different story: while Waseca has cheaper rent, Eveleth actually has lower median home values ($91,800 vs $185,600).

Median household income in Eveleth is $47,721 compared to $61,546 in Waseca (-22.5%). While Waseca is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eveleth spend roughly 21.1% of their income on rent, more than the 15.5% in Waseca.