Living in New Munich, Minnesota
Cost of living, income, home prices, rent and demographics of New Munich · Census data 2020–2024
New Munich has 299 residents with a median age of 38.8. The median household income is $92,188 (4% higher than the Minnesota median), the median home value is $179,000, the median rent is $1,139/month.
New Munich is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Munich at a glance
- Population
- 299
- Median age
- 38.8State: 38.8
- Median household income
- $92,188State: $89,062
- Median home value
- $179,000State: $329,300
- Median rent
- $1,139/moState: $1,280
- Homeowners
- 90%
- Bachelor's degree or higher
- 19.9%
- Average commute
- 25 min
Is New Munich a good place to live?
Pros: Median household income 4% higher than the Minnesota median; home values 46% lower than the state median; a poverty rate of 3.2%.
Cons: An average commute of 25 minutes; unemployment of 4.3%.
The weather is best in June to September.
Cost of living in New Munich
Housing is the biggest part of the cost of living. In New Munich the median home value is $179,000, 46% lower than the U.S. median. Renters pay a median of $1,139 per month, which is 12.9% of household income. Homeowners with a mortgage pay $1,531 a month in housing costs.
New Munich median household income
The median household income in New Munich is $92,188 and the income per person is $39,517. 3.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in New Munich: homes for sale and rent
- Housing units
- 115
- Owner-occupied
- 90%
- Renter-occupied
- 10%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.55
New Munich demographics
- Population
- 299
- Median age
- 38.8
- Under 18
- 21.1%
- 65 and older
- 23.4%
- Households
- 110
- Foreign-born
- 0%
- Veterans
- 14%Adults 18+
Hispanic or Latino can be of any race. Population history of New Munich ›
Education in New Munich
19.9% of adults 25 and older in New Munich have a bachelor's degree or higher (Minnesota: 39.4%), and 3.8% have a graduate or professional degree.
Jobs and commute in New Munich
- Unemployment rate
- 4.3%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 10.6%
- Drive alone
- 86.8%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 93.6%
New Munich vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Munich | 299 | $92,188 | $179,000 | $1,139 |
| Freeport | 787 | $89,808 | $223,200 | $906 |
| Melrose | 3,671 | $59,677 | $207,200 | $1,103 |
| Greenwald | 270 | $72,625 | $149,200 | — |
| Meire Grove | 167 | $61,806 | $190,600 | $863 |
| Albany | 2,821 | $69,167 | $238,500 | $642 |
| St. Martin | 313 | $59,219 | $216,900 | $425 |
| Elrosa | 217 | $86,875 | $174,300 | $1,188 |
| Sauk Centre | 4,621 | $62,628 | $225,700 | $843 |
More for people moving to New Munich
New Munich ZIP code ›Weather and climate ›Living in New Munich: FAQ
What is the median household income in New Munich, MN?
The median household income in New Munich is $92,188, 4% 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 Munich?
The median home value in New Munich is $179,000, compared with $329,300 in Minnesota.
How much is rent in New Munich?
The median gross rent in New Munich is $1,139 per month, about 12.9% of household income.
Is New Munich, MN a good place to live?
Pluses: median household income 4% higher than the Minnesota median; home values 46% lower than the state median; a poverty rate of 3.2%. Minuses: an average commute of 25 minutes; unemployment of 4.3%.
What is the median age in New Munich?
The median age in New Munich is 38.8 years (Minnesota: 38.8).
How long is the commute in New Munich?
The average commute to work in New Munich is 25 minutes; 10.6% of workers work from home.
What is the unemployment rate in New Munich?
The unemployment rate in New Munich is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Munich?
19.9% of adults in New Munich 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.
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