New Prague is a somewhat small city located in the state of Minnesota. With a population of 8,235 people and four associated neighborhoods, New Prague is the 116th largest community in Minnesota. New Prague has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in New Prague, where the median household income is $102,372.00.
New Prague real estate is some of the most expensive in Minnesota, although New Prague house values don't compare to the most expensive real estate in the U.S.
Also of interest is that New Prague has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 10.14% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, New Prague is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Being a small city, New Prague does not have a public transit system used by locals to get to and from work.
The population of New Prague is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 34.87% of adults in New Prague have a bachelor's degree or even advanced degree.
The per capita income in New Prague in 2022 was $58,903, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $235,612 for a family of four.
The people who call New Prague home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Prague residents report their race to be White. Important ancestries of people in New Prague include German, Czech, Irish, English, and Norwegian.
The most common language spoken in New Prague is English. Other important languages spoken here include Polish and Langs. of India.