Retirement Lists

New Ulm, Minnesota

A monument in New Ulm, Minnesota, with a statue of Arminius, who defeated the Romans at the Battle of the Teutoburg Forest in A.D. 9.

Planning a monthly budget

A local monthly estimate of $2,774 gives you the starting point, with transportation taking the largest share.

Housing
$730
Utilities (in rent)
$228
Food
$472/mo
Transportation
$1,077/mo
Healthcare
$495

Utilities are included in housing so they are not added twice. The separate Utilities row is a reference estimate.

How the total can change

A traveler style stay, a couple household, and long term rent answer different planning questions.

Comfortable Living
$3,840

Very Good

Cost of Living for Couple
$4,301

Very Good

Typical 1BR Rent
$730

Excellent

Everyday expenses

Dining, transportation, taxes, and car needs can change how the monthly budget feels.

Dining Out
$236/mo

Excellent

Need for a Car
Required
Property Taxes
Moderate

Fair

Overall Feel
Good
Residents 65+ Below Poverty Level
14.0%
65+ Householder — Renter Occupied
19.4%
65+ Households With High Housing Costs
29.5%
Median Household Income, Householder 65+
$48,647

Sources

The budget value gives a starting point for everyday spending. Housing, healthcare, safety, and climate can change what feels comfortable for a household.

Housing mix, exchange rates, healthcare needs, car ownership, and travel style can move a real monthly budget materially.

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