Cost of Living in New prague, MN
Housing
The housing market plays a significant role in determining the cost of living in New prague, MN.
- Housing Index: 100.0 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
Considering a move to New prague, MN? With a housing index of 100.0, the area's real estate market is perfectly balanced. Median home prices sit at a reasonable 295000, offering a stable investment opportunity. Meanwhile, average rents for a 2-bedroom apartment are around 1600 and slightly higher for houses at 1640, indicating a growing demand for rental properties. Research suggests that costs and housing availability here can provide a relatively affordable lifestyle, appealing to both buyers and renters alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New prague, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in New prague, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if New prague is a financially viable option for your relocation.