Living in New Prague, Minnesota
Cost of living, income, home prices, rent and demographics of New Prague · Census data 2020–2024
New Prague has 8,237 residents with a median age of 36.2. The median household income is $94,539 (6% higher than the Minnesota median), the median home value is $350,500, the median rent is $1,389/month.
New Prague at a glance
- Population
- 8,237
- Median age
- 36.2State: 38.8
- Median household income
- $94,539State: $89,062
- Median home value
- $350,500State: $329,300
- Median rent
- $1,389/moState: $1,280
- Homeowners
- 76.7%
- Bachelor's degree or higher
- 32%
- Average commute
- 24 min
Is New Prague a good place to live?
Pros: Median household income 6% higher than the Minnesota median; unemployment of 2.8%; a poverty rate of 3.2%.
Cons: Home values 6% higher than the state median; an average commute of 24 minutes.
The weather is best in June to September.
Cost of living in New Prague
Housing is the biggest part of the cost of living. In New Prague the median home value is $350,500, 5% higher than the U.S. median. Renters pay a median of $1,389 per month, which is 23.8% of household income. Homeowners with a mortgage pay $2,118 a month in housing costs.
New Prague median household income
The median household income in New Prague is $94,539 and the income per person is $48,950. 3.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in New Prague: homes for sale and rent
- Housing units
- 3,152
- Owner-occupied
- 76.7%
- Renter-occupied
- 23.3%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.69
New Prague demographics
- Population
- 8,237
- Median age
- 36.2
- Under 18
- 28.2%
- 65 and older
- 18%
- Households
- 3,023
- Foreign-born
- 2.4%
- Veterans
- 7.3%Adults 18+
Hispanic or Latino can be of any race. Population history of New Prague ›
Education in New Prague
32% of adults 25 and older in New Prague have a bachelor's degree or higher (Minnesota: 39.4%), and 11.2% have a graduate or professional degree.
Jobs and commute in New Prague
- Unemployment rate
- 2.8%State: 4.1%
- Average commute
- 24 minState: 23 min
- Work from home
- 11.4%
- Drive alone
- 80.6%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 88.7%
New Prague vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Prague | 8,237 | $94,539 | $350,500 | $1,389 |
| Heidelberg | 235 | $115,417 | $316,700 | — |
| Montgomery | 3,434 | $79,432 | $234,700 | $974 |
| Jordan | 6,771 | $110,057 | $336,200 | $1,192 |
| Lonsdale | 4,896 | $95,176 | $357,000 | $906 |
| Belle Plaine | 7,423 | $99,315 | $318,200 | $1,342 |
| Elko New Market | 5,002 | $152,150 | $433,100 | $2,200 |
| Le Center | 2,513 | $80,673 | $209,600 | $889 |
| Credit River | 5,551 | $143,125 | $595,000 | — |
More for people moving to New Prague
New Prague ZIP code ›Weather and climate ›Living in New Prague: FAQ
What is the median household income in New Prague, MN?
The median household income in New Prague is $94,539, 6% 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 Prague?
The median home value in New Prague is $350,500, compared with $329,300 in Minnesota.
How much is rent in New Prague?
The median gross rent in New Prague is $1,389 per month, about 23.8% of household income.
Is New Prague, MN a good place to live?
Pluses: median household income 6% higher than the Minnesota median; unemployment of 2.8%; a poverty rate of 3.2%. Minuses: home values 6% higher than the state median; an average commute of 24 minutes.
What is the median age in New Prague?
The median age in New Prague is 36.2 years (Minnesota: 38.8).
How long is the commute in New Prague?
The average commute to work in New Prague is 24 minutes; 11.4% of workers work from home.
What is the unemployment rate in New Prague?
The unemployment rate in New Prague is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Prague?
32% of adults in New Prague 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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