Cost of Living in New Ulm, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.9
100 = national avg
-3.1 vs national average
Living Wage (1 Adult)
$42,620
per year
Living Wage (Family of 4)
$100,737
per year
Cost Index by Category
Housing105.2
Food98.9
Transportation70.5
Healthcare99.1
Utilities100.4
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 Ulm is 96.9, which is 3.1% below the national average. Housing costs are above the national average at an index of 105.2. A single adult needs to earn approximately $42,620 per year to cover basic expenses.