New Ulm, MN Cost Of Living

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Updated: 2020-03-08
New Ulm's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means New Ulm is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in New Ulm, MN?

According to the most recent data on the cost of living, New Ulm has an overall cost of living index of 91 which is 0.9x lower than the national index of 100.

Compared to only Minnesota, New Ulm has a cost of living index that's 0.9x lower than Minnesota's index of 104.

The standard of living in New Ulm ranks as #1887 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies New Ulm ranks as the #4520 most expensive place in the North Star State.

For more reading on life in New Ulm, check out:

New Ulm Cost Of Living Vs. Minnesota

Living Expense New Ulm Minnesota National Average
Overall 91 104 100
Services 98 109 100
Groceries 103 106 100
Health 118 110 100
Housing 69 100 100
Transportation 99 100 100
Utilities 97 98 100
For more reading on cost of living around Minnesota, check out:
New Ulm Cost of Living Vs. MN

New Ulm, MN Housing Cost Breakdown

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.

Median Home Value
Median Rent
Median Income
Statistic New Ulm Minnesota United States
Median Home Value $133,900 $211,800 $204,900
Median Rent $592 $944 $1,023
Median Income $56,288 $68,411 $60,293
Home Value To Income 2.4x 3.1x 3.4x
Rent To Monthly Income 0.13x 0.17x 0.2x

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Cost Of Living In Cities Around New Ulm

City Population Cost Of Living Vs. New Ulm
Mankato, MN 41,701 96 1.1x
Hutchinson, MN 13,882 99 1.1x
North Mankato, MN 13,704 97 1.1x
Waconia, MN 11,981 112 1.2x
St. Peter, MN 11,784 97 1.1x
Fairmont, MN 10,191 89 1.0x
New Prague, MN 7,746 107 1.2x
Belle Plaine, MN 7,029 98 1.1x
Jordan, MN 6,155 109 1.2x
Glencoe, MN 5,495 91 1.0x

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