2025 Compare Cities Economy:
New Ulm, MN vs Spearfish, SD

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Highlights
- Household income in Spearfish, is 14% less than it is in New Ulm and is 32% below the National Average.
- New Ulm unemployment rate is 4.8%.
- Spearfish unemployment rate is 3.0%.
 New Ulm, MNSpearfish, SDUnited States
 Unemployment Rate  Unlock3.0%6.0%
 Recent Job Growth  Unlock1.5%1.6%
 Future Job Growth26.6%  Unlock33.5%
 Sales Taxes7.9%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$32,070  Unlock$37,638
 Household Income  Unlock$52,258$69,021
 Family Median Income$82,588  Unlock$85,028
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 Est. Households By Income
 New Ulm, MNSpearfish, SDUnited States
 Income Less Than 15K  Unlock10.7%9.4%
 Income between 15K and 20K3.8%  Unlock3.8%
 Income between 20K and 30K  Unlock13.0%8.1%
 Income between 30K and 40K8.8%  Unlock8.0%
 Income between 40K and 50K  Unlock12.9%7.6%
 Income between 50K and 60K8.6%  Unlock7.2%
 Income between 60K and 75K  Unlock8.7%9.6%
 Income between 75K and 100K13.3%  Unlock12.8%
 Income between 100K and 150K  Unlock15.1%16.3%
 Income between 150K and 200K4.0%  Unlock7.8%
 Income greater than 200K  Unlock7.9%9.5%
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 Population By Occupation
 New Ulm, MNSpearfish, SDUnited States
 Management, business, finance10.9%  Unlock16.4%
 Engineering, computers, science  Unlock4.6%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library7.0%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.7%2.0%
 Healthcare practitioners and technology5.7%  Unlock6.2%
 Healthcare support  Unlock3.6%3.3%
 Firefighters, law enforcement0.8%  Unlock2.1%
 Food preparation, serving  Unlock13.6%5.4%
 Building maintenance3.3%  Unlock3.6%
 Personal care  Unlock3.2%2.6%
 Sales, office, administrative support19.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.3%0.6%
 Construction, extraction, maintenance/repair6.2%  Unlock8.1%
 Production, transportation, material moving  Unlock8.8%13.1%
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 Spearfish    4 Reviews

I've been in the black Hills since 1994 and,recently moved to the east side of the state, Sioux Falls to be exact. Spearfish, is a very nice & beautiful community but,  More

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Over 18 years ago

The weather is perfect for outdoor  More

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Over 18 years ago

Spearfish is beautiful but there is very little job opportunity. As a result those people who want to advance in their career should avoid Spearfish. On the other hand  More

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