Cost of Living in New Richland, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.3
100 = national avg
-14.7 vs national average
Living Wage (1 Adult)
$37,527
per year
Living Wage (Family of 4)
$88,701
per year
Cost Index by Category
Housing65.0
Food98.0
Transportation96.1
Healthcare98.4
Utilities91.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in New Richland is 85.3, which is 14.7% below the national average. Housing costs are below the national average at an index of 65.0. A single adult needs to earn approximately $37,527 per year to cover basic expenses.