New Richland, MN Cost of Living


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United States / Minnesota / No Metro Area / Waseca County / New Richland / Zip Codes

New Richland cost of living score
80
Less expensive
20.0% lower
than the US average
17.7% lower
than the Minnesota average
New Richland, Minnesota gets a BestPlaces Cost of Living score of 80, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.0% lower than the U.S. average and 17.7% higher than the average for Minnesota.

New Richland, MN

Housing costs in New Richland?
A typical home costs $213,000, which is 37.0% less expensive than the national average of $338,100 and 31.2% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in New Richland costs $800 per month, which is 44.1% cheaper than the national average of $1,430 and 55.0% cheaper than the state average of $1,240.

Can I afford New Richland?
To live comfortably in New Richland, Minnesota, a minimum annual income of $40,680 for a family, and $24,400 for a single person is recommended.

What does A.I. say about New Richland?
New Richland, MN is a great place to live with an affordable cost of living. The median home value in the city is $112,122, which is significantly lower than the national average. The median household income is also lower than the national average at $56,385. Despite this low cost of living, there are plenty of things to do and see in the city. There are numerous parks and trails for recreation, as well as many restaurants and shopping opportunities. With its mix of outdoor activities and reasonably priced goods and services, New Richland is sure to be an attractive option for those looking for a place where they can enjoy a good quality of life without breaking the bank.
   Cost of living score
     CategoriesNew RichlandMinnesotaUnited States
  80.097.2100.0
  95.697.2100
  86.278.3100.0
  59.2102.9100.0
  $213,000$309,500$338,100
  98.0%95.7%100.0%
  74.996.4100.0
  83.2117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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