Hastings, MN vs New Prague, MN

Hastings, MN and New Prague, MN have a very similar cost of living, with only a 2.8% difference in their overall index. Hastings scores 97 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 Hastings is $1,184/month compared to $1,198/month in New Prague — a 1% difference. Home values follow the same pattern: Hastings is more affordable at $294,100 median vs $323,500.

Median household income in Hastings is $92,940 compared to $98,424 in New Prague (-5.6%). While New Prague is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hastings spend roughly 15.3% of their income on rent, more than the 14.6% in New Prague.

Climate-wise, both cities share similar average temperatures (46.5°F vs 46.7°F). New Prague receives more rainfall at 30.6" per year compared to 29.2" in Hastings.