What is the cost of living in New Prague, MN?
According to the most recent data on the cost of living, New Prague has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Minnesota, New Prague has a cost of living index that's 1.1x higher than Minnesota's index of 101.
The standard of living in New Prague ranks as #86 most affordable out of the 151 places we measured in Minnesota. By definition, that implies New Prague ranks as the #65 most expensive place in the North Star State.
For more reading on life in New Prague, check out:
New Prague Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in New Prague. Here is how it fares on each of the criteria:
The Services index in New Prague is 99.
The Groceries index in New Prague is 98.
The Health index in New Prague is 130.
The Housing index in New Prague is 98.
The Transportation index in New Prague is 98.
The Utilities index in New Prague is 99.
| Living Expense | New Prague | Minnesota | National Average |
|---|---|---|---|
| Overall | 109 | 101 | 100 |
| Services | 99 | 101 | 100 |
| Groceries | 98 | 99 | 100 |
| Health | 130 | 99 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 98 | 103 | 100 |
| Utilities | 99 | 101 | 100 |
New Prague Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in New Prague Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
New Prague, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in New Prague is $350,350.
The Median Rent in New Prague is $1,389.
The Median Income in New Prague is $94,539.
The Home Value To Income in New Prague is 3.7x.
The Rent To Monthly Income in New Prague is 0.18x.
| Statistic | New Prague | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $350,350 | $346,667 | $332,700 |
| Median Rent | $1,389 | $1,280 | $1,413 |
| Median Income | $94,539 | $89,062 | $80,734 |
| Home Value To Income | 3.7x | 3.9x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.21x |
New Prague, MN Costs By Category
Detailed New Prague Services costs vs. Minnesota
| Item | New Prague | Minnesota |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $11.32 | $12.13 |
| Bowling | $25.68 | $18 |
| Haircut | $25.86 | $24.26 |
| Beauty Salon | $37.0 | $45.56 |
Detailed New Prague Groceries costs vs. Minnesota
| Item | New Prague | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $4.76 | $4.93 |
| Pizza | $13.0 | $12.09 |
| Beer | $9.44 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed New Prague Health costs vs. Minnesota
| Item | New Prague | Minnesota |
|---|---|---|
| Optometrist | $112.72 | $125.68 |
| Doctor | $164.15 | $135.78 |
| Dentist | $95.01 | $113.29 |
Detailed New Prague Transportation costs vs. Minnesota
| Item | New Prague | Minnesota |
|---|---|---|
| Gasoline | $3.32 | $3.46 |
| Tire Balancing | $59.91 | $59.92 |
Detailed New Prague Utilities costs vs. Minnesota
| Item | New Prague | Minnesota |
|---|---|---|
| All Electricity | $180.11 | $193.99 |
| Phone | $187.59 | $192.25 |
New Prague SnackAbility
Cost Of Living In Cities Around New Prague
The cost of living varies in the cities and towns around New Prague. Here's a quick look at the cost of living in the most populous nearby places:
Lakeville, MN has a cost of living index of 122, 1.1x New Prague.
Shakopee, MN has a cost of living index of 114, 1.0x New Prague.
Savage, MN has a cost of living index of 121, 1.1x New Prague.
| City | Population | Cost Of Living | Vs. New Prague |
|---|---|---|---|
| Lakeville, MN | 74,354 | 122 | 1.1x |
| Shakopee, MN | 46,012 | 114 | 1.0x |
| Savage, MN | 32,889 | 121 | 1.1x |
| Chaska, MN | 28,706 | 114 | 1.0x |
| Prior Lake, MN | 28,016 | 120 | 1.1x |
| Belle Plaine, MN | 7,423 | 102 | 0.9x |
| Jordan, MN | 6,771 | 110 | 1.0x |
| Carver, MN | 6,239 | 122 | 1.1x |
| Elko New Market, MN | 5,002 | 117 | 1.1x |
