What is the median household income in New Prague, MN?
The median household income in New Prague, MN is $94,539 (±$22,204) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,389 a month would take about $55,600 a year at the common guideline of spending no more than 30% of income on rent.
In New Prague, the median household income went from $77,949 in 2015–2019 to $94,539 in 2020–2024 (+21.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $94,539 (±$22,204)
- Median renter income
- $61,182 (±$19,185)
- Income to afford median rent
- about $55,600
Income in New Prague against Scott County, its state and the nation
| New Prague | Scott County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $94,539 (±$22,204) | $119,314 (±$3,959) | $89,062 (±$409) | $80,734 |
| Median renter household income | $61,182 (±$19,185) | $57,685 (±$5,414) | $51,080 (±$531) | $52,966 |
| Median owner household income | $114,138 (±$14,484) | $133,154 (±$3,831) | $108,214 (±$476) | $100,009 |
| Median gross rent | $1,389 (±$175) | $1,568 (±$61) | $1,280 (±$7) | $1,413 |
In New Prague, median household income is lower than in Scott County ($119,314).
It is not measurably different from Minnesota ($89,062).
It is not measurably different from the national figure ($80,734).
In Scott County, New Prague ranks 17 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 887 of 2,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in New Prague
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,389 a month ($16,668 a year) needs an income of about $55,600 a year.
The median renting household in New Prague earns $61,182 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $77,949 (±$8,637) | $94,539 (±$22,204) | +21.3% | No measurable change after inflation |
| Median gross rent | $880 (±$195) | $1,389 (±$175) | +57.8% | Up after inflation |
| Median home value | $247,100 (±$15,099) | $350,500 (±$17,759) | +41.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near New Prague
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| New Prague | — | $94,539 (±$22,204) | — |
| Helena Township | 3.1 mi | $156,000 (±$22,297) | Higher |
| Lanesburgh Township | 3.6 mi | $121,908 (±$15,870) | Higher |
| Heidelberg | 4.4 mi | $115,417 (±$2,811) | Not measurably different |
| Wheatland Township | 5.9 mi | $114,375 (±$27,446) | Not measurably different |
| Cedar Lake Township | 6.3 mi | $173,500 (±$25,000) | Higher |
| Derrynane Township | 6.9 mi | $119,375 (±$31,606) | Not measurably different |
| Montgomery | 7.0 mi | $79,432 (±$14,694) | Not measurably different |
| Belle Plaine Township | 7.2 mi | $125,000 (±$21,886) | Not measurably different |
Nearby places with a measurably higher figure: Helena Township, MN ($156,000), Lanesburgh Township, MN ($121,908), Cedar Lake Township, MN ($173,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Scott County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 11 | Belle Plaine Township | $125,000 (±$21,886) |
| 12 | Jordan | $110,057 (±$9,913) |
| 13 | Shakopee | $107,223 (±$5,511) |
| 14 | Blakeley Township | $101,458 (±$12,837) |
| 15 | Sand Creek Township | $101,023 (±$12,536) |
| 16 | Belle Plaine | $99,315 (±$9,018) |
| 17 | New Prague | $94,539 (±$22,204) |
| 18 | Jackson Township | $68,884 (±$28,650) |
Showing 8 of 18 places in Scott County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New Prague
What is the median household income in New Prague?
The median household income in New Prague is $94,539 (±$22,204) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in New Prague?
About $55,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,389 a month.
Have incomes in New Prague kept up with inflation?
In New Prague, the median household income went from $77,949 in 2015–2019 to $94,539 in 2020–2024 (+21.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in New Prague?
The median renting household in New Prague, MN earns $61,182 (±$19,185) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New Prague city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — New Prague city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Prague city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — New Prague city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Prague city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Prague city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for New Prague city, Minnesota (place:45808, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in New Prague at a glance
- Median rent in New Prague
- Rent by bedrooms in New Prague
- Rent burden in New Prague
- Renters and owners in New Prague
- Home values in New Prague
- Homeowner costs in New Prague
- Property taxes in New Prague
- Types of homes in New Prague
- Bedrooms in New Prague
- Age of homes in New Prague
- Heating fuel in New Prague
- Commute and cars in New Prague
- Crime reported to police in New Prague
- Population growth in New Prague
- How long people stay in New Prague
- Minnesota landlord and tenant rules
- Housing across Scott County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota