Housing costs in New Ulm?
A typical home costs
$203,500, which is 39.8% less expensive than the national average of
$338,100 and 34.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Ulm costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 22.8% cheaper than the state average of
$1,240.
Can I afford New Ulm?
To live comfortably in New Ulm, Minnesota, a minimum annual income of
$38,880 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about New Ulm?
The cost of living in New Ulm, MN is quite reasonable. According to a 黑料社区 Index released by Sperling's 黑料社区, the city has a score of 87.7, which is lower than the U.S. average score of 100. Housing costs are especially affordable, with the median home price coming in at around $150,000 compared to a national average of $227,025. Additionally, utility costs in New Ulm are also lower than the national average. All these factors combine to make it easy for people to live comfortably on a budget in New Ulm.