Luverne, MN vs New Ulm, MN

Luverne is moderately more affordable than New Ulm, with a 10.4% lower cost of living index. Luverne scores 68 compared to 76 for New Ulm, where the US average is 100. This difference means residents of New Ulm can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Luverne is $718/month compared to $974/month in New Ulm — a 26% difference. Home values follow the same pattern: Luverne is more affordable at $181,100 median vs $192,700.

Median household income in Luverne is $66,145 compared to $63,984 in New Ulm (+3.4%). Luverne offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Luverne spend roughly 13% of their income on rent, less than the 18.3% in New Ulm.

Climate-wise, both cities share similar average temperatures (45.1°F vs 45.4°F). Luverne receives more rainfall at 29.6" per year compared to 28" in New Ulm.