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New Ulm, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
14,056
Population
$64,449
Median Income
$204,200
Home Value
39.3
Median Age

Demographics

New Ulm has a population of 14,056 with a median age of 39.3. Here is the racial and ethnic breakdown of the population:

White
94.5%
Hispanic
3.3%
Black
0.8%
Asian
0.7%
Other
0.7%
Demographic Value
Total Population14,056
Median Age39.3
White94.5%
Black or African American0.8%
Asian0.7%
Hispanic or Latino3.3%
Other / Two or More Races0.7%
New Ulm, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 94.5%Hispanic/Latino: 3.3%Other: 2.2%14,056PopulationWhiteWhite94.5%Hispanic/LatinoHispanic/Latino3.3%OtherOther2.2%

Income & Economy

The median household income in New Ulm is $64,449, which is 20.0% below the national median of $80,610. The per capita income is $35,978. The poverty rate is 9.2%.

$64,449
Median Household Income
$35,978
Per Capita Income
9.2%
Poverty Rate

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Education

In New Ulm, 91.9% of residents age 25+ have a high school diploma or higher, and 27.9% hold a bachelor's degree or higher (10.8% with a graduate or professional degree).

HS Diploma+
91.9%
Bachelor's+
27.9%
Graduate+
10.8%
Education Level % of Adults (25+)
High School Diploma or Higher91.9%
Bachelor's Degree or Higher27.9%
Graduate or Professional Degree10.8%

Housing

The median home value in New Ulm is $204,200, below the national median of $303,400. The median monthly rent is $962. The homeownership rate is 75.1%.

$204,200
Median Home Value
$962/mo
Median Rent
75.1%
Homeownership Rate
Housing Metric Value
Median Home Value$204,200
Median Monthly Rent$962
Homeownership Rate75.1%
Vacancy Rate4.6%

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Frequently Asked Questions

What is the population of New Ulm, Minnesota?
The population of New Ulm, Minnesota is 14,056 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in New Ulm, Minnesota?
The median household income in New Ulm, Minnesota is $64,449. This is 20.0% below the national median of $80,610.
What is the median home value in New Ulm, Minnesota?
The median home value in New Ulm, Minnesota is $204,200. The median monthly rent is $962.
What percentage of people in New Ulm have a college degree?
In New Ulm, Minnesota, 27.9% of adults age 25 and older hold a bachelor's degree or higher, and 91.9% have a high school diploma or higher.
Is New Ulm, Minnesota an affordable place to live?
The home price-to-income ratio in New Ulm, Minnesota is 3.2x (median home value $204,200 vs. median income $64,449), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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