New Ulm, MN
Population 14,066 · Minnesota
About New Ulm, MN
New Ulm is a mid-sized city in Minnesota with a population of 14,066 residents. The median household income is $63,984 per year, which is near the national average. The median age in New Ulm is 40.3 years.
Housing in New Ulm has a median home value of $192,700 and median monthly rent of $974. Of the 6,306 total housing units, the majority are owner-occupied, with 4,467 owner-occupied and 1,521 renter-occupied units.
The unemployment rate in New Ulm is 2.5% and the poverty rate is 8.7%. 27.2% of residents hold a bachelor's degree or higher. The average commute time is 12.5 minutes.
Cost of Living in New Ulm, MN
Compared to national averages, New Ulm has a median household income of $63,984 (15% below the national median of $75,149). Home values average $192,700, which is 21% below the national median. Monthly rent at $974 is 16% below the US average of $1,163. Within Minnesota, New Ulm's income is 14% below the state average of $74,221, and home values are 6% below the state median of $204,472.
Why Live in New Ulm, MN?
New Ulm offers affordable housing with a median home value of $192,700, below the US average of $244,900, and rent that’s lower than the national average at $974/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a low poverty rate of 8.7%, better than the national average, and short commute times averaging just 12.5 minutes.
Potential considerations include median household income ($63,984) that falls below the national average. However, New Ulm’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Ulm has a population of 14,066 with a median age of 40.3 years. Compare New Ulm with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near New Ulm
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fergus Falls | 14,138 | $50,865 | $173,300 | Compare |
| North Mankato | 14,212 | $77,571 | $252,700 | Compare |
| Marshall | 13,880 | $64,636 | $198,900 | Compare |
| Sauk Rapids | 13,851 | $67,004 | $240,200 | Compare |
| Robbinsdale | 14,318 | $84,719 | $280,400 | Compare |
| Worthington | 13,792 | $61,840 | $184,200 | Compare |
| Brainerd | 14,474 | $53,705 | $178,600 | Compare |
| Alexandria | 14,579 | $61,558 | $247,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Ulm
What is the population of New Ulm, MN?
The population of New Ulm, MN is 14,066 according to the latest Census data.
What is the median household income in New Ulm?
The median household income in New Ulm, MN is $63,984 per year.
What is the median home value in New Ulm?
The median home value in New Ulm, MN is $192,700.
What is the average rent in New Ulm?
The median monthly rent in New Ulm, MN is $974.
What is the unemployment rate in New Ulm?
The unemployment rate in New Ulm, MN is 2.5%.