New Ulm, MN, offers a cost of living index that is slightly below the nationwide average. On average, the cost of living in New Ulm is 92, which is 8% lower than the national average of 100. This relatively affordable cost of living can make New Ulm an attractive place for job seekers and families looking to manage their expenses effectively.
The data shows that housing in New Ulm costs 10% less than the average, groceries are just 5% below the norm, and utilities are 15% cheaper. These savings can help offset higher healthcare costs, which are 2% above the average. Overall, New Ulm provides a balanced living environment with many areas offering better affordability.
New Ulm, Minnesota, stands out with a cost of living index that is generally lower than the nationwide average, which is set at 100. Specifically, the housing index in New Ulm is 90, indicating that housing costs are 10% less than the national average. This makes it an attractive option for those seeking more affordable living options. Additionally, groceries are priced at 95 on New Ulm’s index, which is 5% lower than the national average. This suggests that residents may find some savings when shopping for food.
Utilities in New Ulm have an index of 85, meaning they are 15% less expensive than the national average. This lower cost can contribute significantly to overall living expenses. Transportation costs in New Ulm, with an index of 92, are 8% below the nationwide average. These figures provide a clearer picture of the economic landscape in New Ulm, making it a potentially more budget-friendly location for job seekers and families alike. Healthcare, at an index of 98, is slightly above average, while miscellaneous costs at 88 are 12% below average, adding to the overall affordability of living in New Ulm.
