Income & Economy in New Ulm, TX
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$89,010
+22% vs national
Per Capita Income
$31,280
-16% vs national
Poverty Rate
5.8%
-57% vs national
Gini Index
0.2671
0 = perfect equality
Unemployment
7.9%
+52% vs national
SNAP Recipients
37.8%
of households
How New Ulm Compares
Source: Census ACS (2023)New Ulm vs Similar Cities
Source: Census ACS (2023)Compared to cities with under 10,000 residents. New Ulm is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in New Ulm. The median household income here is $89,010.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
7.9%
+55% vs TX avg
Labor Force
114
Employed
105
Mean Commute
40 min
Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
4.0%
of adults 25+
High School Diploma+
45.3%
of adults 25+
Median Age
40.7
Work from Home
0.0%
of workers
The median household income in New Ulm, TX is $89,010, which is 21.6% above the national average of $73,224. Per capita income is $31,280. The poverty rate of 5.8% is lower than the TX state average of 14.9%. The Gini index of income inequality is 0.2671, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 7.9%, compared to the state average of 5.1%. 4.0% of adults hold a bachelor's degree or higher. The average commute time is 40 minutes, with 0.0% working from home.