Cost of Living in New Richland, MN

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13%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
45%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index New Richland Minnesota National
Cost of living87100100
Groceries100100100
Health care101100100
Housing55100100
Transportation97100100
Utilities106104100
Lifestyle & Entertainment99100100
Household Items97100100
Education & Childcare10499100
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Homes For Sale In New Richland, MN

property for sale

421 2nd St SW

New Richland, MN
property for sale

219 1st St NW

New Richland, MN
property for sale

17742 280th Ave

Ellendale, MN
property for sale

301 7th St NW

New Richland, MN

Cost Of Living Quick Facts

  • The cost of living in New Richland is 13% lower than the Minnesota average
  • The cost of living in New Richland is 13% lower than the national average
  • New Richland housing is 45% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around New Richland

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      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$96,283$8,024$2,246$2,889
      Renters$24,690$2,058$576$741

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Wells, MN2,4228515.3%
      Hartland, MN4298515.3%
      Freeborn, MN3318614.5%
      Hollandale, MN3948812.2%
      Waldorf, MN1858811.8%
      New Richland, MN1,0608713.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Norman Park, GA1,0608614.0%
      Washburn, ME1,0608514.6%
      North Bend, OH1,0601099.3%
      Rio Vista, TX1,060927.8%
      Lac Seul 28, ON1,060n/a 
      New Richland, MN1,0608713.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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