Newfolden, MN
Population 468 · Minnesota
About Newfolden, MN
Newfolden is a small community in Minnesota with a population of 468 residents. The median household income is $69,000 per year, which is near the national average. The median age in Newfolden is 34.5 years.
Housing in Newfolden has a median home value of $143,800 and median monthly rent of $883. Of the 178 total housing units, the majority are owner-occupied, with 114 owner-occupied and 48 renter-occupied units.
The unemployment rate in Newfolden is 2.0% and the poverty rate is 11.4%. 24.6% of residents hold a bachelor's degree or higher. The average commute time is 21.8 minutes.
Cost of Living in Newfolden, MN
Compared to national averages, Newfolden has a median household income of $69,000 (8% below the national median of $75,149). Home values average $143,800, which is 41% below the national median. Monthly rent at $883 is 24% below the US average of $1,163. Within Minnesota, Newfolden's income is 7% below the state average of $74,221, and home values are 30% below the state median of $204,472.
Why Live in Newfolden, MN?
Newfolden offers affordable housing with a median home value of $143,800, below the US average of $244,900, and rent that’s lower than the national average at $883/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a low poverty rate of 11.4%, better than the national average, and short commute times averaging just 21.8 minutes.
Potential considerations include median household income ($69,000) that falls below the national average. However, Newfolden’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newfolden has a population of 468 with a median age of 34.5 years. Compare Newfolden with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Newfolden
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Willernie | 466 | $82,321 | $307,000 | Compare |
| Carlos | 465 | $65,625 | $174,600 | Compare |
| Ellsworth | 471 | $58,438 | $85,700 | Compare |
| Randolph | 465 | $101,786 | $268,800 | Compare |
| Jenkins | 472 | $70,500 | $265,900 | Compare |
| Fifty Lakes | 463 | $79,773 | $401,000 | Compare |
| Brandon | 462 | $64,625 | $174,000 | Compare |
| Racine | 476 | $95,125 | $239,500 | 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 Newfolden
What is the population of Newfolden, MN?
The population of Newfolden, MN is 468 according to the latest Census data.
What is the median household income in Newfolden?
The median household income in Newfolden, MN is $69,000 per year.
What is the median home value in Newfolden?
The median home value in Newfolden, MN is $143,800.
What is the average rent in Newfolden?
The median monthly rent in Newfolden, MN is $883.
What is the unemployment rate in Newfolden?
The unemployment rate in Newfolden, MN is 2.0%.