New Ulm, MN
14,056Residents
$64,449Median household income
$962/moMedian gross rent
$204,200Median home value
39.3Median age
28%Adults with a bachelor’s degree or higher
75%Homes lived in by their owners
3.2×Home value to household income
Median rent takes about 18% of the median household income in New Ulm.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $38,000 a year. In Minnesota that leaves roughly $2,511 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.