New Prague, MN is a welcoming small town located just outside of the Twin Cities Metro Area. The cost of living in New Prague is relatively low and affordable, with rent for two bedrooms costing $1,260 compared to the US average of $1,430. Food costs are also lower than national averages as evidenced by the Grocery Cost Index being 101 versus 100 in the US. For entertainment there are several local companies within New Prague including Bill Schumacher State Farm Insurance, Prairie Heights Veterinary Clinic, and Creative Edge Hair Design. These businesses are known for their friendly staff and quality services. New Prague is an ideal place to call home!
New Prague has an unemployment rate of 4.1%. The US average is 6.0%.
New Prague has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 38.2%, which is higher than the US average of 33.5%.
Tax Rates for New Prague
- The Sales Tax Rate for New Prague is 7.4%. The US average is 7.3%.
- The Income Tax Rate for New Prague is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Prague
- The average income of a New Prague resident is $38,763 a year. The US average is $37,638 a year.
- The Median household income of a New Prague resident is $91,707 a year. The US average is $69,021 a year.