Andover, MN vs New Ulm, MN

The cost of living difference between Andover, MN and New Ulm, MN is dramatic. New Ulm is 62.9% cheaper than Andover, a gap that translates to thousands of dollars per year in household expenses. Andover has a cost index of 124 while New Ulm sits at 76, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Andover is $1,827/month compared to $974/month in New Ulm — a 88% difference. Home values follow the same pattern: New Ulm is more affordable at $192,700 median vs $389,200.

Median household income in Andover is $131,528 compared to $63,984 in New Ulm (+105.6%). While Andover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Andover spend roughly 16.7% of their income on rent, less than the 18.3% in New Ulm.