Cost of Living in New Munich, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.3
100 = national avg
+13.3 vs national average
Living Wage (1 Adult)
$49,870
per year
Living Wage (Family of 4)
$117,875
per year
Cost Index by Category
Housing89.5
Food119.3
Transportation138.7
Healthcare115.5
Utilities109.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$919
per month
2 Bedroom
$1,206
per month
The overall cost of living index in New Munich is 113.3, which is 13.3% above the national average. Housing costs are below the national average at an index of 89.5. A single adult needs to earn approximately $49,870 per year to cover basic expenses.