Waltham, MN

Full City Profile · Minnesota · Mower County County

3.2 /5.0
B Good
185 Population 385/sq mi density
$75,833 Median Income $21,742 per capita
$112,500 Home Value $296,988 Zillow
$1,069 Median Rent 21.3% income on rent
45°F Avg Temperature
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$75,833 median income, 8.3% unemployment
A+
Affordability
5.0 / 5.0
$112,500 home value, $1,069/mo rent
F
Education
1.1 / 5.0
1.0% bachelor's degree or higher

Waltham, MN

At a Glance

Median Income
$75,833
1% above
$21,742 per capita
Home Value
$112,500
60% below
Zillow: $296,988
Median Rent
$1,069/mo
8% below
21.3% of income on rent
Bachelor's Degree+
1.0%
97% below
84.5% high school+
Unemployment
8.3%
131% above
8.5% poverty rate
Obesity Rate
36.0%
12% above
14.7% smoking rate
Avg Temperature
45°F

How Waltham Compares to the U.S. Average

Each bar shows Waltham's value as a percentage of the national average (100% = U.S. avg)

Income
101%
Home Value
40%
Rent
92%
Poverty
69%
Bachelor's
3%
Unemployment
231%
Thin vertical line = U.S. national average (100%)

Is Waltham a Good Place to Live?

B
3.2 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Waltham residents earn a median household income of $75,833 , which is 1% above the national average of $75,149. Per capita income is $21,742. The unemployment rate stands at 8.3% (131% above the U.S. rate of 3.6%). 8.5% of residents live below the poverty line. The area is home to 900 business establishments, including 69 restaurants.

Housing & Cost of Living

The median home value in Waltham is $112,500 , 60% below the national median of $281,900. Zillow estimates the typical home at $296,988. Median rent is $1,069/month, with 21.3% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1945.

Education

1.0% of adults in Waltham hold a bachelor's degree or higher (97% below the national average). 84.5% have completed high school. Local schools score 5.4/10 in standardized testing.

Climate & Weather

Waltham has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 71°F in July. Annual precipitation totals 36.2 inches.

Data Overview

People

Population185
Median Age30.8 yrs
Density385/mi²
Male / Female55% / 45%
Foreign Born0.0%
Veterans1.9%

Economy

B
Median Income$75,833
Per Capita$21,742
Unemployment8.3%
Poverty8.5%
County GDP$2,995M
Avg Weekly Wage$1,174

Housing

A+
Home Value$112,500
Rent$1,069
Ownership74.1%
Zillow$296,988
Housing Units68
Rent Burden21.3%

Health

Obesity36.0%
Diabetes7.9%
Smoking14.7%
Heart Disease4.3%
Premature Death6,955/100K

Climate

Avg Temp45°F
Rain36.2 in/yr
Elevation1,316 ft

Education

F
Bachelor's+1.0%
High School+84.5%
Graduate+0.0%
School Score5.4/10

Community

2024 VoteR 54% / D 44%
Commute19 min
Broadband93.1%
Internet Speed158 Mbps
EV Stations15
Libraries4

Did You Know?

The median home in Waltham was built in 1945.
15.9% work from home.
The nearest airport is Rochester International (20 miles).
The Gini coefficient (income inequality) is 0.419 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
12.4% of the population has a disability.
Average internet download speed is 158 Mbps.
The county recorded 4 fatal vehicle crashes.