College Costs in Owatonna, MN 2026
Compare tuition, housing, and financial aid across 2 colleges in Owatonna, Minnesota. Use our free calculator to estimate your total cost.
Avg Public Tuition
$14,200
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$837
per month
Colleges & Universities
2
institutions
Owatonna Overview
Population
25,599
Student Population
1,510 (5.9%)
Cost of Living Index
100.5 (avg: 100)
Walk Score
48/100
Transit Score
16/100
Unemployment Rate
3.4%
College Cost Calculator for Owatonna
Cost Inputs
Total Cost (4 Years, Public In-State)
$113,828
Total After Financial Aid
$113,828
Annual Cost
$28,457
Annual After Aid
$28,457
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $113,828 |
| Monthly Payment | $1,292 |
| Total Interest | $41,271 |
| Total Loan Cost | $155,099 |
Universities in Owatonna
| University | Type | Annual Tuition |
|---|---|---|
| Owatonna State University | Public | $15,511 |
| Owatonna Community College | Community | $5,821 |
Owatonna has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Owatonna vs. National Average
| Category | Owatonna | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $14,200 | $10,940 | +$3,260 |
| Monthly Rent Near Campus | $837 | $1,050 | -$213 |
| Cost of Living Index | 100.5 | 100 | +0.5 |
Owatonna's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.
Student Life in Owatonna
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,510 students
Owatonna has a total population of 25,599, with approximately 1,510 college students (5.9% of the population). While not primarily a college town, Owatonna offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Owatonna
$44,049
Starting Salary
3.4%
Unemployment Rate
66%
Graduation Rate
~13 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Owatonna earn a median starting salary of $44,049, which is $9,049 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $113,828 (including room and board), it would take approximately 13 years of the salary premium to recoup the investment. With average financial aid of $13,018 per student per year, the net cost and payback period can be significantly reduced.
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