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New Munich, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
299
Population
$92,188
Median Income
$179,000
Home Value
38.8
Median Age

Demographics

New Munich has a population of 299 with a median age of 38.8. Here is the racial and ethnic breakdown of the population:

White
97.3%
Black
2.3%
Demographic Value
Total Population299
Median Age38.8
White97.3%
Black or African American2.3%
New Munich, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.7%Black: 2.3%299PopulationWhiteWhite97.7%BlackBlack2.3%

Income & Economy

The median household income in New Munich is $92,188, which is 14.4% above the national median of $80,610. The per capita income is $39,517. The poverty rate is 3.2%.

$92,188
Median Household Income
$39,517
Per Capita Income
3.2%
Poverty Rate

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Education

In New Munich, 95.3% of residents age 25+ have a high school diploma or higher, and 19.9% hold a bachelor's degree or higher (3.8% with a graduate or professional degree).

HS Diploma+
95.3%
Bachelor's+
19.9%
Graduate+
3.8%
Education Level % of Adults (25+)
High School Diploma or Higher95.3%
Bachelor's Degree or Higher19.9%
Graduate or Professional Degree3.8%

Housing

The median home value in New Munich is $179,000, below the national median of $303,400. The median monthly rent is $1,139. The homeownership rate is 90.0%.

$179,000
Median Home Value
$1,139/mo
Median Rent
90.0%
Homeownership Rate
Housing Metric Value
Median Home Value$179,000
Median Monthly Rent$1,139
Homeownership Rate90.0%
Vacancy Rate4.3%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of New Munich, Minnesota?
The population of New Munich, Minnesota is 299 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in New Munich, Minnesota?
The median household income in New Munich, Minnesota is $92,188. This is 14.4% above the national median of $80,610.
What is the median home value in New Munich, Minnesota?
The median home value in New Munich, Minnesota is $179,000. The median monthly rent is $1,139.
What percentage of people in New Munich have a college degree?
In New Munich, Minnesota, 19.9% of adults age 25 and older hold a bachelor's degree or higher, and 95.3% have a high school diploma or higher.
Is New Munich, Minnesota an affordable place to live?
The home price-to-income ratio in New Munich, Minnesota is 1.9x (median home value $179,000 vs. median income $92,188), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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