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.

New Prague is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, New Prague’s overall crime rate is lower than average for the country.

Being a small city, New Prague does not have a public transit system used by locals to get to and from work.

The education level of New Prague citizens is very high relative to the national average among all cities (21.84%): 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.