2025 Compare Cities Economy:
Franklin, WI vs New Ulm, MN

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Highlights
- Household income in New Ulm, is 32% less than it is in Franklin and is 14% below the National Average.
- Franklin unemployment rate is 4.4%.
- New Ulm unemployment rate is 4.8%.
 Franklin, WINew Ulm, MNUnited States
 Unemployment Rate  Unlock4.8%6.0%
 Recent Job Growth  Unlock1.6%1.6%
 Future Job Growth31.1%  Unlock33.5%
 Sales Taxes5.6%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$44,427  Unlock$37,638
 Household Income  Unlock$60,723$69,021
 Family Median Income$117,191  Unlock$85,028
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 Est. Households By Income
 Franklin, WINew Ulm, MNUnited States
 Income Less Than 15K  Unlock6.6%9.4%
 Income between 15K and 20K3.1%  Unlock3.8%
 Income between 20K and 30K  Unlock10.1%8.1%
 Income between 30K and 40K4.6%  Unlock8.0%
 Income between 40K and 50K  Unlock11.4%7.6%
 Income between 50K and 60K7.9%  Unlock7.2%
 Income between 60K and 75K  Unlock12.0%9.6%
 Income between 75K and 100K12.5%  Unlock12.8%
 Income between 100K and 150K  Unlock18.9%16.3%
 Income between 150K and 200K13.5%  Unlock7.8%
 Income greater than 200K  Unlock2.4%9.5%
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 Population By Occupation
 Franklin, WINew Ulm, MNUnited States
 Management, business, finance19.9%  Unlock16.4%
 Engineering, computers, science  Unlock4.3%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library5.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.8%2.0%
 Healthcare practitioners and technology9.8%  Unlock6.2%
 Healthcare support  Unlock3.7%3.3%
 Firefighters, law enforcement2.6%  Unlock2.1%
 Food preparation, serving  Unlock7.4%5.4%
 Building maintenance1.8%  Unlock3.6%
 Personal care  Unlock2.7%2.6%
 Sales, office, administrative support23.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.3%0.6%
 Construction, extraction, maintenance/repair7.4%  Unlock8.1%
 Production, transportation, material moving  Unlock23.1%13.1%
Reviews for Franklin    3 Reviews

Over 13 years ago

The taxes are on the high end around here. Living is alright, but Franklin is especially expensive because it's "considered" the rich part of the area. Which is a joke  More

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Over 18 years ago

this winter was very cold had wind-chills aroun  More

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Franklin is a pretty decent place to live but we are continually surprised at the increasing taxes and bureaucracy of the city government. Although we pay some of the  More

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Reviews for New Ulm    2 Reviews

Well, hmmm. I did not care for it here. But then again, it was tainted by Catholic issues. (I had those until recently when I quit). I also tried Lutherans - no  More

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Many areas (employers, city government, local hospital, etc.) are all working to make the city 'the healthiest place to  More

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