New Prague is a somewhat small city located in the state of Minnesota. With a population of 8,277 people and four associated neighborhoods, New Prague is the 116th largest community in Minnesota. Much of the housing stock in New Prague was built relatively recently. The construction of new real estate can often be taken as an indication that the local New Prague economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in New Prague, where the median household income is $107,383.00.

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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.29% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

Because of many things, New Prague is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Prague really has some of the features that families look for when choosing a good community to raise children. Is New Prague perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

As is often the case in a small city, New Prague doesn't have a public transportation system that people use for their commute.

The citizens of New Prague are very well educated compared to the average community in the nation: 34.34% of adults in New Prague have a bachelor's degree or even advanced degree.

The per capita income in New Prague in 2022 was $49,269, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $197,076 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, followed by Asian. Important ancestries of people in New Prague include German, Czech, Irish, Norwegian, and Polish.

The most common language spoken in New Prague is English. Other important languages spoken here include Polish and Langs. of India.