New York Mills, MN
Population 1,319 · Minnesota
About New York Mills, MN
New York Mills is a small town located in Minnesota with a population of 1,319 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,696 per year, which is 31% below the national median of $75,149. The median age of 35.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in New York Mills features a median home value of $144,900, which is 41% below the national median of $244,900. This makes New York Mills one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $712, 39% below the national average of $1,163/month. Of the 652 total housing units, 58% are owner-occupied (357 units) and 42% are renter-occupied (262 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New York Mills shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 11.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New York Mills have an average one-way commute time of 17.2 minutes, one of the shorter commutes in the region.
Education & Demographics
17.6% of New York Mills 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 1.0% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in New York Mills, MN
Compared to national averages, New York Mills has a median household income of $51,696 (31% below the national median of $75,149). Home values average $144,900, which is 41% below the national median. Monthly rent at $712 is 39% below the US average of $1,163. Within Minnesota, New York Mills's income is 30% below the state average of $74,221, and home values are 29% below the state median of $204,472.
Why Live in New York Mills, MN?
New York Mills offers affordable housing with a median home value of $144,900, below the US average of $244,900, and rent that’s lower than the national average at $712/month, and a low poverty rate of 11.4%, better than the national average. Additionally, the city features short commute times averaging just 17.2 minutes.
Potential considerations include median household income ($51,696) that falls below the national average. However, New York Mills’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New York Mills has a population of 1,319 with a median age of 35.4 years. Compare New York Mills with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near New York Mills
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Preston | 1,315 | $60,438 | $169,600 | Compare |
| Starbuck | 1,307 | $60,217 | $168,100 | Compare |
| Dassel | 1,332 | $59,750 | $218,900 | Compare |
| Wheaton | 1,334 | $52,260 | $82,200 | Compare |
| Richmond | 1,336 | $67,381 | $225,500 | Compare |
| Menahga | 1,292 | $56,000 | $145,800 | Compare |
| Fulda | 1,348 | $68,056 | $155,100 | Compare |
| Adrian | 1,288 | $74,100 | $172,000 | 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.
Compare New York Mills With Other Cities
Frequently Asked Questions about New York Mills
What is the population of New York Mills, MN?
The population of New York Mills, MN is 1,319 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in New York Mills?
The median household income in New York Mills, MN is $51,696 per year, which is 31% below the national median of $75,149.
What is the median home value in New York Mills?
The median home value in New York Mills, MN is $144,900, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New York Mills?
The median monthly rent in New York Mills, MN is $712, which is 39% below the national average of $1,163/month.
What is the unemployment rate in New York Mills?
The unemployment rate in New York Mills, MN is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New York Mills, MN a good place to live?
New York Mills offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,319 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is New York Mills, MN?
17.6% of residents in New York Mills 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 York Mills?
Key cost-of-living indicators for New York Mills, MN: median home value is $144,900 (41% below national), median rent is $712/month, and median household income is $51,696. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New York Mills?
The poverty rate in New York Mills, MN is 11.4%, 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 York Mills, MN?
New York Mills's population is 1.0% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.2% two or more races. 1.4% of residents are foreign-born.