Can A Real Estate Agent Afford Rent in Waite Park, MN?
Comfortably affordable — rent takes 20.1% of gross income.
Waite Park rent: September 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Minnesota cities have lower median rent than Waite Park, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Waite Park
View full rent data for Waite Park, MN →Frequently asked questions
Can a real estate agent afford rent in Waite Park, MN?
Median rent in Waite Park is $1,143 a month. A typical real estate agent in Minnesota earns about $68,203 a year, which makes that rent 20.1% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Waite Park?
Using the 30% rule, a real estate agent salary in Minnesota (~$68,203/yr) supports up to $1,705 a month in rent. Waite Park's current median rent is $1,143/mo, which leaves a $562/mo buffer.
How many hours does a real estate agent work to cover rent in Waite Park?
At an hourly equivalent of about $33 an hour, a real estate agent in Minnesota works roughly 34.9 hours a month to cover Waite Park's median rent of $1,143.
Where is rent cheaper than Waite Park for a real estate agent?
Nearby Minnesota cities with lower median rent include Mankato ($1,134/mo), Winona ($1,133/mo), Austin ($1,132/mo). Each shifts the affordability math materially on a real estate agent salary.