New Munich, MN
Population 275 · Minnesota
About New Munich, MN
New Munich is a small community located in Minnesota with a population of 275 residents according to the latest US Census Bureau American Community Survey data. The median household income is $90,714 per year, which is 21% above the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Munich features a median home value of $165,300, which is 33% below the national median of $244,900. This positions New Munich in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 103 total housing units, 97% are owner-occupied (95 units) and 3% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Munich shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 1.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Munich have an average one-way commute time of 27 minutes.
Education & Demographics
21.6% of New Munich residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New Munich, MN
Compared to national averages, New Munich has a median household income of $90,714 (21% above the national median of $75,149). Home values average $165,300, which is 33% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, New Munich's income is 22% above the state average of $74,221, and home values are 19% below the state median of $204,472.
Why Live in New Munich, MN?
New Munich offers a strong local economy with a median household income of $90,714, well above the national average, and affordable housing with a median home value of $165,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 1.6%, better than the national average.
New Munich has a population of 275 with a median age of 38.2 years. Compare New Munich with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Munich
What is the population of New Munich, MN?
The population of New Munich, MN is 275 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in New Munich?
The median household income in New Munich, MN is $90,714 per year, which is 21% above the national median of $75,149.
What is the median home value in New Munich?
The median home value in New Munich, MN is $165,300, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Munich?
The median monthly rent in New Munich, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in New Munich?
The unemployment rate in New Munich, MN is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Munich, MN a good place to live?
New Munich offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 275 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is New Munich, MN?
21.6% of residents in New Munich aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Munich?
Key cost-of-living indicators for New Munich, MN: median home value is $165,300 (33% below national), median rent is $0/month, and median household income is $90,714. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Munich?
The poverty rate in New Munich, MN is 1.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Munich, MN?
New Munich's population is 0.0% White, 2.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.