Waseca is considered a Small Town with a population of 9,098 and 1,169 businesses. 3 in 2018 were added to the Waseca Chamber of Commerce business directory which was less than 2017 which had 9.

The economy of Waseca employs 5,513 people and has an unemployment rate of 3.2%. Some of the largest industries in Waseca are Professional Services (122),Child Care Services (33), and Pumpkin Patches (31).