Housing costs in New Prague?
A typical home costs
$374,500, which is 10.8% more expensive than the national average of
$338,100 and 21.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Prague costs
$1,280 per month, which is 3.2% more than the national average of
$1,240 and 9.4% cheaper than the state average of
$1,400.
Can I afford New Prague?
To live comfortably in New Prague (zip 56071), Minnesota, a minimum annual income of
$71,640 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about New Prague?
The cost of living in 56071 New Prague, MN is relatively low compared to the national average. According to recent reports, the median home price in New Prague is $202,400 while the median rent for a two-bedroom apartment is $1,139 per month. Grocery costs are also relatively low, with prices for everyday items being about 8% less than national averages. Utility costs are reasonable as well with electricity costing around 11 cents per kilowatt hour and natural gas costing an average of $12.17 per therm. In general, living expenses in New Prague are low compared to other parts of Minnesota and even across the country making it an affordable place to live.