Zip 55367 (New Germany, MN) Cost of Living


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How much do I need to live in New Germany, Minnesota?
$5,370 / month
for a family, 0.6% less expensive than the national average A total of $64,440 for the year for a family.
$3,367 / month
for a single person, 29.4% less expensive than the national average A total of $40,400 for the year for a single person.

New Germany cost of living score
112.9
More expensive
12.9% higher
than the US average
16.2% higher
than the Minnesota average
New Germany (zip 55367), Minnesota gets a BestPlaces Cost of Living score of 112.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.9% higher than the U.S. average and 16.2% higher than the average for Minnesota.

Zip 55367 (New Germany, MN)

Housing costs in New Germany?
A typical home costs $336,400, which is 0.5% less expensive than the national average of $338,100 and 8.7% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in New Germany costs $1,240 per month, which is 0.0% cheaper than the national average of $1,240 and 12.9% cheaper than the state average of $1,400.

Can I afford New Germany?
To live comfortably in New Germany (zip 55367), Minnesota, a minimum annual income of $64,440 for a family, and $40,400 for a single person is recommended.

What does A.I. say about New Germany?
The cost of living in 55367 New Germany, MN is relatively low compared to the average in the United States. The median home price in this area is around $183,000, which is significantly lower than most other areas in the country. In addition to affordable housing costs, average commuting costs are also low - most residents only spend around 15 minutes getting to work each day. Groceries and other essentials are also relatively inexpensive. In general, the cost of living in 55367 New Germany, MN makes it an attractive option for those looking for a reasonable cost of living without sacrificing quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesNew GermanyMinnesotaUnited States
    Unlock97.2100.0
  100.4  Unlock100.0
    Unlock78.3100.0
  105.2  Unlock100.0
    Unlock$309,500$338,100
  99.0  Unlock100.0
    Unlock96.4100.0
  136.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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