According to the most recent data on the cost of living, New Ulm has an overall cost of living index of 91 which is 0.9x lower than the national index of 100.
Compared to only Minnesota, New Ulm has a cost of living index that's 0.9x lower than Minnesota's index of 104.
The standard of living in New Ulm ranks as #1887 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies New Ulm ranks as the #4520 most expensive place in the North Star State.
|Living Expense||New Ulm||Minnesota||National Average|
Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. New Ulm||Mankato, MN||41,701||96||1.1x||Hutchinson, MN||13,882||99||1.1x||North Mankato, MN||13,704||97||1.1x||Waconia, MN||11,981||112||1.2x||St. Peter, MN||11,784||97||1.1x||Fairmont, MN||10,191||89||1.0x||New Prague, MN||7,746||107||1.2x||Belle Plaine, MN||7,029||98||1.1x||Jordan, MN||6,155||109||1.2x||Glencoe, MN||5,495||91||1.0x|