New Haven, MN Cost of Living


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New Haven cost of living score
94.2
Less expensive
5.8% lower
than the US average
3.1% lower
than the Minnesota average
New Haven, Minnesota gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 3.1% higher than the average for Minnesota.

New Haven, MN

Housing costs in New Haven?
A typical home costs $492,900, which is 45.8% more expensive than the national average of $338,100 and 59.3% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in New Haven costs $1,240 per month, which is 13.3% cheaper than the national average of $1,430 and close to the state average of $1,240.

Can I afford New Haven?
To live comfortably in New Haven, Minnesota, a minimum annual income of $94,320 for a family, and $41,200 for a single person is recommended.

What does A.I. say about New Haven?
New Haven, MN has a relatively low cost of living. The overall cost of living index in New Haven is 88.8%, significantly lower than the national average of 100%. Housing costs are particularly affordable, with the median home value being $165,400 and the median rent price only slightly higher at $1,037. The cost of groceries and other essential goods remain well below the national average as well. All in all, New Haven offers an ideal level of affordability that makes it an attractive location to live in for those on a budget or who simply wish to keep their overall expenses low.
   Cost of living score
     CategoriesNew HavenMinnesotaUnited States
  94.297.2100.0
  101.297.2100
  88.778.3100.0
  151.5102.9100.0
  $492,900$309,500$338,100
  99.4%95.7%100.0%
  89.396.4100.0
  134.9117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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