Minnesota · Census place 45556
New Germany city, MN
Quick answer
New Germany city has 581 residents, ranking #470 of 914 places in Minnesota. Median household income is $88,438, the median home is worth $252,600 and median gross rent runs $860 a month.
- Population
- 581New Germany city residents
- Median household income
- $88,438Past 12 months, inflation adjusted
- Median home value
- $252,600Owner-occupied units
- Median gross rent
- $860Rent plus utilities, monthly
- Median age
- 29.6 yrsAll residents
- Homeownership rate
- 85.9%Owner-occupied households
What the numbers mean in New Germany city
Housing cost measured against local earnings.
A household earning the New Germany city median would spend about 11.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.7% of residents and 85.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Marble city 588
- Graceville city 586
- Brooten city 582
- Littlefork city 577
- Lake Park city 573
- Hendricks city 572
- Lynd city 570
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