5 Best Places to Retire in Minnesota

2. New Ulm

Insider Monkey Score: 97

Livability: 82

Cost of Living Index: 77.8

Median House Price: $230,000

Rounding off our top two pick is the Brown County city of New Ulm. New Ulm is a college town by way of Martin Luther College, and residents can enjoy the city’s many perks – including a low cost of living. Residents can visit the August Schell Brewing Co, Flandrau State Park, and the Brown County Historical Society Museum.