New Munich, MN Cost of Living


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New Munich cost of living score
89.9
Less expensive
10.1% lower
than the US average
7.5% lower
than the Minnesota average
New Munich, Minnesota gets a BestPlaces Cost of Living score of 89.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.1% lower than the U.S. average and 7.5% higher than the average for Minnesota.

New Munich, MN

Housing costs in New Munich?
A typical home costs $156,200, which is 53.8% less expensive than the national average of $338,100 and 49.5% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in New Munich costs $980 per month, which is 31.5% cheaper than the national average of $1,430 and 26.5% cheaper than the state average of $1,240.

Can I afford New Munich?
To live comfortably in New Munich, Minnesota, a minimum annual income of $29,880 for a family, and $31,600 for a single person is recommended.

What does A.I. say about New Munich?
The cost of living in New Munich, MN is quite reasonable. The median home cost is around $83,800, which is much lower than the national average. In addition to being affordable for homeowners, renting is also very affordable with an average monthly rent of just under $700. The overall cost of living in New Munich is 7% below the national average, making it an ideal place to live for those looking for a comfortable and affordable lifestyle.
   Cost of living score
     CategoriesNew MunichMinnesotaUnited States
  89.997.2100.0
  95.597.2100
  75.578.3100.0
  56.8102.9100.0
  $156,200$309,500$338,100
  97.1%95.7%100.0%
  86.196.4100.0
  112.7117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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