According to the most recent data on the cost of living, New Prague has an overall cost of living index of 106 which is 1.1x higher than the national index of 100.
Compared to only Minnesota, New Prague has a cost of living index that's 1.0x higher than Minnesota's index of 104.
The standard of living in New Prague ranks as #3,773 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies New Prague ranks as the #2,646 most expensive place in the North Star State.
Living Expense | New Prague | Minnesota | National Average | |
---|---|---|---|---|
Overall | 106 | 104 | 100 | |
Services | 109 | 106 | 100 | |
Groceries | 104 | 102 | 100 | |
Health | 101 | 113 | 100 | |
Housing | 105 | 101 | 100 | |
Transportation | 102 | 102 | 100 | |
Utilities | 98 | 98 | 100 |
Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | New Prague | Minnesota | United States |
---|---|---|---|
Median Home Value | $264,400 | $235,700 | $229,800 |
Median Rent | $902 | $1,010 | $1,096 |
Median Income | $81,837 | $73,382 | $64,994 |
Home Value To Income | 3.2x | 3.2x | 3.5x |
Rent To Monthly Income | 0.13x | 0.17x | 0.2x |
Item | New Prague | Minnesota |
---|---|---|
Shampoo | $1.09 | $1.06 |
Movie | $9.96 | $10.68 |
Bowling | $22.57 | $14.67 |
Item | New Prague | Minnesota |
---|---|---|
Ground Beef | $4.4 | $4.22 |
Fried Chicken | $2.1 | $1.39 |
Milk | $2.6 | $2.05 |
Item | New Prague | Minnesota |
---|---|---|
Haircut | $24.2 | $18.62 |
Beauty Salon | $34.39 | $39.05 |
Toothpaste | $3.36 | $2.34 |
Item | New Prague | Minnesota |
---|---|---|
Potatoes | $3.32 | $3.29 |
Pizza | $12.99 | $10.62 |
Beer | $8.96 | $9.38 |
Optometrist | $89.59 | $108.57 |
Doctor | $147.85 | $116.17 |
Dentist | $86.94 | $99.13 |
Item | New Prague | Minnesota |
---|---|---|
Gasoline | $2.06 | $2.22 |
Tire Balancing | $58.37 | $50.07 |
All Electricity | $160.63 | $167.67 |
Phone | $180.98 | $175.64 |
City | Population | Cost Of Living | Vs. New Prague |
---|---|---|---|
Lakeville, MN | 65,710 | 116 | 1.1x |
Shakopee, MN | 41,423 | 108 | 1.0x |
Savage, MN | 31,758 | 113 | 1.1x |
Prior Lake, MN | 26,775 | 115 | 1.1x |
Chaska, MN | 26,753 | 110 | 1.0x |
Belle Plaine, MN | 7,137 | 97 | 0.9x |
Jordan, MN | 6,289 | 108 | 1.0x |
Carver, MN | 5,438 | 120 | 1.1x |