Living in Newfolden, Minnesota
Cost of living, income, home prices, rent and demographics of Newfolden · Census data 2020–2024
Newfolden has 332 residents with a median age of 36.2. The median household income is $64,583 (27% lower than the Minnesota median), the median home value is $121,300, the median rent is $817/month.
Newfolden is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Newfolden at a glance
- Population
- 332
- Median age
- 36.2State: 38.8
- Median household income
- $64,583State: $89,062
- Median home value
- $121,300State: $329,300
- Median rent
- $817/moState: $1,280
- Homeowners
- 73.2%
- Bachelor's degree or higher
- 31.1%
- Average commute
- 21 min
Is Newfolden a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 21 minutes; unemployment of 2.5%.
Cons: Median household income 27% lower than the Minnesota median; a poverty rate of 12.1%.
The weather is best in June to September.
Cost of living in Newfolden
Housing is the biggest part of the cost of living. In Newfolden the median home value is $121,300, 64% lower than the U.S. median. Renters pay a median of $817 per month, which is 20.5% of household income. Homeowners with a mortgage pay $1,389 a month in housing costs.
Newfolden median household income
The median household income in Newfolden is $64,583 and the income per person is $31,090. 12.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Newfolden: homes for sale and rent
- Housing units
- 154
- Owner-occupied
- 73.2%
- Renter-occupied
- 26.8%
- Vacant
- 10.4%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.41
Newfolden demographics
- Population
- 332
- Median age
- 36.2
- Under 18
- 31%
- 65 and older
- 20.2%
- Households
- 138
- Foreign-born
- 0%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Newfolden ›
Education in Newfolden
31.1% of adults 25 and older in Newfolden have a bachelor's degree or higher (Minnesota: 39.4%), and 10.8% have a graduate or professional degree.
Jobs and commute in Newfolden
- Unemployment rate
- 2.5%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 9.8%
- Drive alone
- 70.6%
- Public transit
- 0%
- Walk to work
- 5.6%
- Homes with broadband
- 91.3%
Newfolden vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newfolden | 332 | $64,583 | $121,300 | $817 |
| Middle River | 319 | $76,250 | $101,900 | $408 |
| Viking | 125 | $76,607 | $127,500 | — |
| Karlstad | 622 | $64,000 | $126,300 | $619 |
| Thief River Falls | 8,823 | $71,144 | $175,400 | $838 |
| Argyle | 486 | $105,625 | $191,800 | $431 |
| Warren | 1,680 | $59,875 | $148,400 | $717 |
| St. Hilaire | 259 | $75,000 | $179,500 | $1,056 |
| Greenbush | 678 | $60,333 | $145,500 | $824 |
More for people moving to Newfolden
Newfolden ZIP code ›Weather and climate ›Living in Newfolden: FAQ
What is the median household income in Newfolden, MN?
The median household income in Newfolden is $64,583, 27% lower 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 Newfolden?
The median home value in Newfolden is $121,300, compared with $329,300 in Minnesota.
How much is rent in Newfolden?
The median gross rent in Newfolden is $817 per month, about 20.5% of household income.
Is Newfolden, MN a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 21 minutes; unemployment of 2.5%. Minuses: median household income 27% lower than the Minnesota median; a poverty rate of 12.1%.
What is the median age in Newfolden?
The median age in Newfolden is 36.2 years (Minnesota: 38.8).
How long is the commute in Newfolden?
The average commute to work in Newfolden is 21 minutes; 9.8% of workers work from home.
What is the unemployment rate in Newfolden?
The unemployment rate in Newfolden is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newfolden?
31.1% of adults in Newfolden 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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