Economy & Jobs — New Ulm, Minnesota
Income & Employment
| Median Household Income (Census) | $64,449 |
|---|
| Estimated 2026 | ~$72,900 |
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| Per Capita Income | $35,113 |
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| Poverty Rate | 9.2% |
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| Unemployment Rate | 3.0% |
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| In Labor Force | 7,435 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 27.5% |
| Manufacturing | 17.2% |
| Retail | 12.1% |
Local Businesses (County)
| Type | Count |
|---|
| Full Service Restaurants | 22 |
| Insurance Agencies | 21 |
| Fast Food | 18 |
| Commercial Banks | 14 |
| Auto Repair | 13 |
| Gas Stations | 11 |
| Bars | 11 |
| Law Offices | 9 |
| Accounting Firms | 9 |
| Chiropractors | 8 |
| General Merchandise | 7 |
| Beauty Salons | 7 |
| Dental Offices | 7 |
| Home Health | 7 |
| Child Day Care | 7 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
