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The total population of New Ulm is estimated to be 14,055 with 6,806 males (48.42%) and 7,249 females (51.58%). There are 443 more females than males in New Ulm.
The median household income in New Ulm was $65,636 in 2021, which marked an a decrease of 1,037(1.56%) from $66,673 in 2020. This income is 87.98% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Ulm sees its highest median household income among householders in the age group of 45 to 64 years old, at $82,758. Overall, the median household income for the city of New Ulm stands at $65,636.
In New Ulm, the median income for all workers aged 15 years and older, regardless of work hours, was $45,884 for males and $30,350 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,923 for males and $45,559 for females.
In New Ulm, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, White households have the highest median household income at $67,355, while Asian households represent the opposite end with the lowest median household income of $2,701.
In 2022, the population of New Ulm was 14,035, a 0.59% decrease year-by-year from 2021. Previously, in 2021, New Ulm's population was 14,118, a decline of 0.04% compared to a population of 14,124 in 2020.
The median age in New Ulm, MN is 39.4, as per 2021 ACS 5-Year Estimates. Of the total population, 17.60% were under the age of 15, 21.20% aged 15 to 29, 40.94% aged 30 to 64, 16.97% aged 65 to 84, and 3.29% were 85 years of age and older.
Racial distribution of New Ulm population: 94.15% are White, 1.22% are Black or African American, 0.36% are American Indian and Alaska Native, 0.88% are Asian, 1.81% are some other race and 1.57% are multiracial.