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2024 Compare Cities Economy:
New Ulm, MN vs Albert Lea, MN

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Highlights
- Household income in Albert Lea, is 16% less than it is in New Ulm and is 35% below the National Average.
- New Ulm unemployment rate is 4.8%.
- Albert Lea unemployment rate is 4.5%.

Economy
 New Ulm, MNAlbert Lea, MNUnited States
 Unemployment Rate4.8%4.5%6.0%
 Recent Job Growth1.6%-0.4%1.6%
 Future Job Growth26.6%22.6%33.5%
 Sales Taxes7.9%7.9%6.2%
 Income Taxes7.1%7.1%4.6%
 Income per Cap.$32,070$30,058$37,638
 Household Income$60,723$51,047$69,021
 Family Median Income$82,588$62,876$85,028
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 Est. Households By Income
 New Ulm, MNAlbert Lea, MNUnited States
 Income Less Than 15K6.6%11.6%9.4%
 Income between 15K and 20K3.8%5.1%3.8%
 Income between 20K and 30K10.1%11.8%8.1%
 Income between 30K and 40K8.8%8.6%8.0%
 Income between 40K and 50K11.4%12.0%7.6%
 Income between 50K and 60K8.6%7.6%7.2%
 Income between 60K and 75K12.0%10.9%9.6%
 Income between 75K and 100K13.3%13.7%12.8%
 Income between 100K and 150K18.9%10.3%16.3%
 Income between 150K and 200K4.0%4.4%7.8%
 Income greater than 200K2.4%3.8%9.5%
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 Population By Occupation
 New Ulm, MNAlbert Lea, MNUnited States
 Management, business, finance10.9%10.9%16.4%
 Engineering, computers, science4.3%2.9%6.5%
 Community, social services2.1%1.8%1.8%
 Legal1.4%0.3%1.2%
 Education, library7.0%3.5%6.2%
 Arts, design, media, sports, entertainment1.8%1.1%2.0%
 Healthcare practitioners and technology5.7%5.2%6.2%
 Healthcare support3.7%5.7%3.3%
 Firefighters, law enforcement0.8%1.3%2.1%
 Food preparation, serving7.4%6.7%5.4%
 Building maintenance3.3%5.4%3.6%
 Personal care2.7%2.7%2.6%
 Sales, office, administrative support19.3%18.2%20.9%
 Farming, fishing, forestry0.3%0.7%0.6%
 Construction, extraction, maintenance/repair6.2%8.6%8.1%
 Production, transportation, material moving23.1%25.2%13.1%

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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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Reviews for Albert Lea    1 Reviews

Over 18 years ago

After living in the Twin Cities and California, Albert Lea seems dirt cheap. Housing is some of the lowest in the  More

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ZIPS IN NEW ULM, MINNESOTA
56073
ZIPS IN ALBERT LEA, MINNESOTA
56007

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