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New Prague, 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
8,237
Population
$94,539
Median Income
$350,500
Home Value
36.2
Median Age

Demographics

New Prague has a population of 8,237 with a median age of 36.2. Here is the racial and ethnic breakdown of the population:

White
96.4%
Hispanic
2.5%
Asian
1.1%
Demographic Value
Total Population8,237
Median Age36.2
White96.4%
Asian1.1%
Hispanic or Latino2.5%
New Prague, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 96.4%Hispanic/Latino: 2.5%Other: 1.1%8,237PopulationWhiteWhite96.4%Hispanic/LatinoHispanic/Latino2.5%OtherOther1.1%

Income & Economy

The median household income in New Prague is $94,539, which is 17.3% above the national median of $80,610. The per capita income is $48,950. The poverty rate is 3.2%.

$94,539
Median Household Income
$48,950
Per Capita Income
3.2%
Poverty Rate

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Education

In New Prague, 97.7% of residents age 25+ have a high school diploma or higher, and 32.0% hold a bachelor's degree or higher (11.2% with a graduate or professional degree).

HS Diploma+
97.7%
Bachelor's+
32.0%
Graduate+
11.2%
Education Level % of Adults (25+)
High School Diploma or Higher97.7%
Bachelor's Degree or Higher32.0%
Graduate or Professional Degree11.2%

Housing

The median home value in New Prague is $350,500, above the national median of $303,400. The median monthly rent is $1,389. The homeownership rate is 76.7%.

$350,500
Median Home Value
$1,389/mo
Median Rent
76.7%
Homeownership Rate
Housing Metric Value
Median Home Value$350,500
Median Monthly Rent$1,389
Homeownership Rate76.7%
Vacancy Rate4.1%

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Frequently Asked Questions

What is the population of New Prague, Minnesota?
The population of New Prague, Minnesota is 8,237 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in New Prague, Minnesota?
The median household income in New Prague, Minnesota is $94,539. This is 17.3% above the national median of $80,610.
What is the median home value in New Prague, Minnesota?
The median home value in New Prague, Minnesota is $350,500. The median monthly rent is $1,389.
What percentage of people in New Prague have a college degree?
In New Prague, Minnesota, 32.0% of adults age 25 and older hold a bachelor's degree or higher, and 97.7% have a high school diploma or higher.
Is New Prague, Minnesota an affordable place to live?
The home price-to-income ratio in New Prague, Minnesota is 3.7x (median home value $350,500 vs. median income $94,539), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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