Newfolden, MN
Full City Profile · Minnesota · Marshall County County
Newfolden, MN
At a Glance
How Newfolden Compares to the U.S. Average
Each bar shows Newfolden's value as a percentage of the national average (100% = U.S. avg)
Is Newfolden a Good Place to Live?
Economy & Jobs
Newfolden residents earn a median household income of $69,000 , which is 8% below the national average of $75,149. Per capita income is $29,203. The unemployment rate stands at 2.0% (44% below the U.S. rate of 3.6%). 6.6% of residents live below the poverty line. The area is home to 348 business establishments, including 22 restaurants.
Housing & Cost of Living
The median home value in Newfolden is $143,800 , 49% below the national median of $281,900. Zillow estimates the typical home at $261,017. Median rent is $883/month, with 19.7% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1967.
Education
24.6% of adults in Newfolden hold a bachelor's degree or higher (27% below the national average). 97.1% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Newfolden has an average annual temperature of 38°F (3°C). Winters average 5°F in January while summers reach 65°F in July. Annual precipitation totals 24.3 inches.