Living in New Germany, Minnesota
Cost of living, income, home prices, rent and demographics of New Germany · Census data 2020–2024
New Germany has 595 residents with a median age of 29.6. The median household income is $93,864 (5% higher than the Minnesota median), the median home value is $258,000, the median rent is $1,107/month.
New Germany is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Germany at a glance
- Population
- 595
- Median age
- 29.6State: 38.8
- Median household income
- $93,864State: $89,062
- Median home value
- $258,000State: $329,300
- Median rent
- $1,107/moState: $1,280
- Homeowners
- 88.1%
- Bachelor's degree or higher
- 20.4%
- Average commute
- 29 min
Is New Germany a good place to live?
Pros: Median household income 5% higher than the Minnesota median; home values 22% lower than the state median; unemployment of 4.1%; a poverty rate of 4.8%.
Cons: An average commute of 29 minutes.
The weather is best in June to September.
Cost of living in New Germany
Housing is the biggest part of the cost of living. In New Germany the median home value is $258,000, 22% lower than the U.S. median. Renters pay a median of $1,107 per month, which is 23.9% of household income. Homeowners with a mortgage pay $1,875 a month in housing costs.
New Germany median household income
The median household income in New Germany is $93,864 and the income per person is $39,812. 4.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in New Germany: homes for sale and rent
- Housing units
- 232
- Owner-occupied
- 88.1%
- Renter-occupied
- 11.9%
- Vacant
- 2.6%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.63
New Germany demographics
- Population
- 595
- Median age
- 29.6
- Under 18
- 24%
- 65 and older
- 7.9%
- Households
- 226
- Foreign-born
- 0.5%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of New Germany ›
Education in New Germany
20.4% of adults 25 and older in New Germany have a bachelor's degree or higher (Minnesota: 39.4%), and 2.1% have a graduate or professional degree.
Jobs and commute in New Germany
- Unemployment rate
- 4.1%State: 4.1%
- Average commute
- 29 minState: 23 min
- Work from home
- 13.9%
- Drive alone
- 74.4%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 92%
New Germany vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Germany | 595 | $93,864 | $258,000 | $1,107 |
| Lester Prairie | 1,898 | $96,544 | $237,400 | $688 |
| Mayer | 2,518 | $124,917 | $342,700 | $1,563 |
| Winsted | 2,181 | $67,200 | $201,900 | $834 |
| Plato | 242 | $91,250 | $239,700 | — |
| Norwood Young America | 3,849 | $71,364 | $299,300 | $1,073 |
| Watertown | 4,790 | $99,671 | $337,200 | $927 |
| Waconia | 13,434 | $111,031 | $431,000 | $1,330 |
| Hamburg | 547 | $72,188 | $239,900 | $955 |
More for people moving to New Germany
New Germany ZIP code ›Weather and climate ›Living in New Germany: FAQ
What is the median household income in New Germany, MN?
The median household income in New Germany is $93,864, 5% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Germany?
The median home value in New Germany is $258,000, compared with $329,300 in Minnesota.
How much is rent in New Germany?
The median gross rent in New Germany is $1,107 per month, about 23.9% of household income.
Is New Germany, MN a good place to live?
Pluses: median household income 5% higher than the Minnesota median; home values 22% lower than the state median; unemployment of 4.1%; a poverty rate of 4.8%. Minuses: an average commute of 29 minutes.
What is the median age in New Germany?
The median age in New Germany is 29.6 years (Minnesota: 38.8).
How long is the commute in New Germany?
The average commute to work in New Germany is 29 minutes; 13.9% of workers work from home.
What is the unemployment rate in New Germany?
The unemployment rate in New Germany is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Germany?
20.4% of adults in New Germany have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: