New Brighton, MN

Average · 101

Minnesota · Population 22,900 · Updated March 2026

$1,327
Median Rent / Month
$87,272
Median Income
$345,900
Median Home Value
$1,415
Owner Costs / Month

Affordability

How far your income goes in New Brighton

18.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Minnesota

State-level tax rates that affect your costs

9.85%
Income Tax (Top Rate)
6.875%
Sales Tax
1.11%
Property Tax Rate

Estimated Annual Costs

$15,924
Annual Rent
$8,596
State Income Tax
$3,839
Property Tax (est.)

Cost of Living Overview

New Brighton has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 101 (where 100 equals the national median), New Brighton residents can expect to pay median rent of $1,327/month while earning a median household income of $87,272/year.

The median home value in New Brighton, MN is $345,900, with typical monthly owner costs around $1,415 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Minnesota's top income tax rate of 9.85% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.875% sales tax rate and 1.11% effective property tax rate, the overall tax environment is a factor in the total cost of living in New Brighton.

Frequently Asked Questions

Common questions about living costs in New Brighton

What is the cost of living in New Brighton, MN?
The cost of living index in New Brighton, MN is 101 (US average = 100). Median monthly rent is $1,327, median household income is $87,272/year, and the median home value is $345,900.
Is New Brighton, MN affordable?
No, New Brighton is more expensive than the national average with a cost index of 101. The rent-to-income ratio is 18.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Brighton, MN?
The median gross rent in New Brighton, MN is $1,327 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,924.
What is the median household income in New Brighton?
The median household income in New Brighton, MN is $87,272 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Minnesota?
Minnesota has a top income tax rate of 9.85%, a sales tax of 6.875%, and an effective property tax rate of 1.11%.