Cost of Living in New Germany, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
120.1
100 = national avg
+20.1 vs national average
Living Wage (1 Adult)
$52,855
per year
Living Wage (Family of 4)
$124,931
per year
Cost Index by Category
Housing112.1
Food117.6
Transportation135.2
Healthcare114.1
Utilities113.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in New Germany is 120.1, which is 20.1% above the national average. Housing costs are above the national average at an index of 112.1. A single adult needs to earn approximately $52,855 per year to cover basic expenses.