Farmington, MN vs New Prague, MN

Farmington, MN and New Prague, MN have a very similar cost of living, with only a 4.1% difference in their overall index. Farmington scores 103 while New Prague scores 99 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Farmington is $1,275/month compared to $1,198/month in New Prague — a 6% difference. Home values follow the same pattern: New Prague is more affordable at $323,500 median vs $345,100.

Median household income in Farmington is $118,556 compared to $98,424 in New Prague (+20.5%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 12.9% of their income on rent, less than the 14.6% in New Prague.