What is the median household income in New York Mills, MN?
The median household income in New York Mills, MN is $56,875 (±$8,688) a year (2020–2024 American Community Survey).
Paying the median gross rent of $727 a month would take about $29,100 a year at the common guideline of spending no more than 30% of income on rent.
In New York Mills, the median household income went from $45,560 in 2015–2019 to $56,875 in 2020–2024 (+24.8%).
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
- $56,875 (±$8,688)
- Median renter income
- $27,390 (±$12,221)
- Income to afford median rent
- about $29,100
Income in New York Mills against Otter Tail County, its state and the nation
| New York Mills | Otter Tail County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $56,875 (±$8,688) | $72,255 (±$2,093) | $89,062 (±$409) | $80,734 |
| Median renter household income | $27,390 (±$12,221) | $36,830 (±$2,912) | $51,080 (±$531) | $52,966 |
| Median owner household income | $72,708 (±$6,881) | $85,697 (±$2,011) | $108,214 (±$476) | $100,009 |
| Median gross rent | $727 (±$116) | $868 (±$63) | $1,280 (±$7) | $1,413 |
In New York Mills, median household income is lower than in Otter Tail County ($72,255).
It is also lower than in Minnesota ($89,062).
It is lower than the national figure ($80,734).
In Otter Tail County, New York Mills ranks 75 of 81 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2280 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 York Mills
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 $727 a month ($8,724 a year) needs an income of about $29,100 a year.
The median renting household in New York Mills earns $27,390 a year, less than that.
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 | $45,560 (±$4,445) | $56,875 (±$8,688) | +24.8% | No measurable change after inflation |
| Median gross rent | $603 (±$103) | $727 (±$116) | +20.6% | No measurable change after inflation |
| Median home value | $103,500 (±$12,292) | $166,300 (±$15,498) | +60.7% | 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 York Mills
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| New York Mills | — | $56,875 (±$8,688) | — |
| Newton Township | 2.2 mi | $84,583 (±$6,785) | Higher |
| Otto Township | 4.6 mi | $86,429 (±$17,918) | Higher |
| Homestead Township | 5.2 mi | $107,778 (±$39,115) | Higher |
| Pine Lake Township (Otter Tail County) | 6.5 mi | $94,792 (±$11,986) | Higher |
| Deer Creek Township | 7.2 mi | $83,750 (±$17,742) | Higher |
| Bluffton | 7.5 mi | $100,417 (±$16,874) | Higher |
| Bluffton Township | 7.9 mi | $85,063 (±$33,203) | Not measurably different |
| Blowers Township | 8.2 mi | $68,750 (±$52,231) | Not measurably different |
Nearby places with a measurably higher figure: Newton Township, MN ($84,583), Otto Township, MN ($86,429), Homestead Township, MN ($107,778).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Otter Tail County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 69 | Elizabeth | $63,333 (±$17,362) |
| 70 | Erhard | $63,125 (±$55,563) |
| 71 | Amor Township | $62,847 (±$4,332) |
| 72 | Battle Lake | $59,375 (±$12,254) |
| 73 | Clitherall | $57,750 (±$8,142) |
| 74 | Parkers Prairie | $57,578 (±$4,067) |
| 75 | New York Mills | $56,875 (±$8,688) |
| 76 | Richville | $56,250 (±$34,605) |
| 77 | Fergus Falls | $56,162 (±$5,165) |
| 78 | Dent | $52,500 (±$45,592) |
| 79 | Deer Creek | $52,273 (±$8,160) |
| 80 | Perham | $49,716 (±$8,242) |
| 81 | Henning | $45,500 (±$11,439) |
Showing 13 of 81 places in Otter Tail 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 York Mills
What is the median household income in New York Mills?
The median household income in New York Mills is $56,875 (±$8,688) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in New York Mills?
About $29,100 a year, if rent is to stay at or below 30% of income at the median gross rent of $727 a month.
Have incomes in New York Mills kept up with inflation?
In New York Mills, the median household income went from $45,560 in 2015–2019 to $56,875 in 2020–2024 (+24.8%).
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 York Mills?
The median renting household in New York Mills, MN earns $27,390 (±$12,221) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New York Mills city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — New York Mills city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New York Mills city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — New York Mills city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New York Mills city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New York Mills 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 York Mills city, Minnesota (place:46060, 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
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- Median rent in New York Mills
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- Renters and owners in New York Mills
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- Property taxes in New York Mills
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- Age of homes in New York Mills
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- Crime reported to police in New York Mills
- Population growth in New York Mills
- How long people stay in New York Mills
- Minnesota landlord and tenant rules
- Housing across Otter Tail County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota