Cost Of Living in Newfolden, MN

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12%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

37%

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	Newfolden	Minnesota	National
Cost of living	88	100	100
Groceries	98	100	100
Health care	98	100	100
Housing	63	100	100
Transportation	98	100	100
Utilities	102	104	100
Lifestyle & Entertainment	99	100	100
Household Items	101	100	100
Education & Childcare	97	99	100

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Homes For Sale In Newfolden, MN

126 W 3rd St

Newfolden, MN

16465 350th St NW

Newfolden, MN

207 2nd St SW

Holt, MN

TBD Tbd

New Maine Township, MN

See the Newest Homes For Sale In Newfolden, MN

Cost Of Living Quick Facts

The cost of living in Newfolden is 12% lower than the Minnesota average
The cost of living in Newfolden is 12% lower than the national average
Newfolden housing is 37% 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

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$97,268	$8,106	$2,269	$2,918
Renters	$72,302	$6,025	$1,687	$2,169

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.
Holt, MN	85	99	1.3%
Strandquist, MN	85	73	27.0%
Strathcona, MN	30	82	18.5%
Middle River, MN	287	82	18.0%
Viking, MN	139	83	17.5%
Newfolden, MN	424	88	11.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hammondville, AL	424	91	8.7%
Desert Shores, CA	424	114	14.4%
Union, IA	424	79	21.1%
Deary, ID	424	102	2.2%
Hazleton, IN	424	82	17.8%
Newfolden, MN	424	88	11.8%