Cost of Living in New Munich, MN

With a cost of living index of 85, New Munich, MN is a very affordable place to live. Living here is 15% cheaper than the national average and 3% above the Minnesota state average of 82. New Munich is a small community of 275 residents.

The median household income in New Munich is $90,714, which is 21% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to New Munich. The area sees an average annual temperature of 42.9°F, with summers averaging 68°F and winters around 15°F. Annual rainfall totals 28.5 inches spread over roughly 111 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the St. Cloud, MN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.