Can A Real Estate Agent Afford Rent in Waseca, MN?
Comfortably affordable — rent takes 17.4% of gross income.
Waseca rent: January 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 Waseca, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Waseca
View full rent data for Waseca, MN →Frequently asked questions
Can a real estate agent afford rent in Waseca, MN?
Median rent in Waseca is $990 a month. A typical real estate agent in Minnesota earns about $68,203 a year, which makes that rent 17.4% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Waseca?
Using the 30% rule, a real estate agent salary in Minnesota (~$68,203/yr) supports up to $1,705 a month in rent. Waseca's current median rent is $990/mo, which leaves a $715/mo buffer.
How many hours does a real estate agent work to cover rent in Waseca?
At an hourly equivalent of about $33 an hour, a real estate agent in Minnesota works roughly 30.2 hours a month to cover Waseca's median rent of $990.
Where is rent cheaper than Waseca for a real estate agent?
Nearby Minnesota cities with lower median rent include Austin ($988/mo), Austin ($969/mo), Albert Lea ($963/mo). Each shifts the affordability math materially on a real estate agent salary.