New Prague, MN
Population 8,195 · Minnesota
About New Prague, MN
New Prague is a small community in Minnesota with a population of 8,195 residents. The median household income is $98,424 per year, which is above the national average. The median age in New Prague is 34.4 years.
Housing in New Prague has a median home value of $323,500 and median monthly rent of $1,198. Of the 3,095 total housing units, the majority are owner-occupied, with 2,302 owner-occupied and 673 renter-occupied units.
The unemployment rate in New Prague is 3.1% and the poverty rate is 3.1%. 31.5% of residents hold a bachelor's degree or higher. The average commute time is 24.7 minutes.
Cost of Living in New Prague, MN
Compared to national averages, New Prague has a median household income of $98,424 (31% above the national median of $75,149). Home values average $323,500, which is 32% above the national median. Monthly rent at $1,198 is 3% above the US average of $1,163. Within Minnesota, New Prague's income is 33% above the state average of $74,221, and home values are 58% above the state median of $204,472.
Why Live in New Prague, MN?
New Prague offers a strong local economy with a median household income of $98,424, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a low poverty rate of 3.1%, better than the national average. Additionally, the city features short commute times averaging just 24.7 minutes.
New Prague has a population of 8,195 with a median age of 34.4 years. Compare New Prague with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near New Prague
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Orono | 8,205 | $181,875 | $952,400 | Compare |
| St. Francis | 8,279 | $101,875 | $297,800 | Compare |
| Mahtomedi | 8,108 | $132,326 | $466,100 | Compare |
| Albertville | 8,066 | $126,307 | $326,400 | Compare |
| Wyoming | 8,063 | $101,938 | $328,900 | Compare |
| Waite Park | 8,341 | $56,884 | $217,000 | Compare |
| Virginia | 8,362 | $48,321 | $117,500 | Compare |
| Dayton | 8,381 | $137,383 | $510,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Prague
What is the population of New Prague, MN?
The population of New Prague, MN is 8,195 according to the latest Census data.
What is the median household income in New Prague?
The median household income in New Prague, MN is $98,424 per year.
What is the median home value in New Prague?
The median home value in New Prague, MN is $323,500.
What is the average rent in New Prague?
The median monthly rent in New Prague, MN is $1,198.
What is the unemployment rate in New Prague?
The unemployment rate in New Prague, MN is 3.1%.