Housing costs in New Germany?
A typical home costs
$362,900, which is 7.3% more expensive than the national average of
$338,100 and 17.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Germany costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,240.
Can I afford New Germany?
To live comfortably in New Germany, Minnesota, a minimum annual income of
$69,480 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about New Germany?
The cost of living in New Germany, MN is relatively low compared to other parts of Minnesota and the nation. The median home value in the city is $176,500, according to the most recent BestPlaces data, which is much lower than other neighboring towns and cities. Additionally, the cost of groceries and utilities are also relatively lower than what you would find in larger cities like Minneapolis or St. Paul. This makes New Germany a great option for those looking to reduce their monthly costs while still having access to all that southern Minnesota has to offer.