Housing costs in New Ulm?
A typical home costs
$190,800, which is 43.6% less expensive than the national average of
$338,100 and 38.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Ulm costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford New Ulm?
To live comfortably in New Ulm Minnes Metro Area, Minnesota, a minimum annual income of
$36,720 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about New Ulm?
The cost of living in New Ulm, MN Metro Area is considerably lower than the average cost of living in the United States. According to the data provided, the cost of living in New Ulm is 76.6 while the US average is 100. This means that residents can expect to save about 23.4% on everyday expenses compared to those living elsewhere in the country. Additionally, house values in this area are much more affordable than other areas of the country with a median house value at $190,800 compared to the US average house value of $338,100. All these factors combined make New Ulm an attractive option for those looking for a place to live where their money will stretch further.