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". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Because of many things, New Prague is a great place for families with children to consider. First of all, many other families with children live here, making New Prague a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, New Prague has a high rate of owner-occupied single family homes, which tends to reflect stability in the local 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 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: 34.34% 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.