2025 Compare Cities Economy:
Redwood Falls, MN vs New Ulm, MN

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Highlights
- Household income in New Ulm, is 5% more than it is in Redwood Falls and is 14% below the National Average.
- Redwood Falls unemployment rate is 5.5%.
- New Ulm unemployment rate is 4.8%.
 Redwood Falls, MNNew Ulm, MNUnited States
 Unemployment Rate  Unlock4.8%6.0%
 Recent Job Growth  Unlock1.6%1.6%
 Future Job Growth5.0%  Unlock33.5%
 Sales Taxes6.9%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$27,753  Unlock$37,638
 Household Income  Unlock$60,723$69,021
 Family Median Income$70,885  Unlock$85,028
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 Est. Households By Income
 Redwood Falls, MNNew Ulm, MNUnited States
 Income Less Than 15K  Unlock6.6%9.4%
 Income between 15K and 20K5.1%  Unlock3.8%
 Income between 20K and 30K  Unlock10.1%8.1%
 Income between 30K and 40K8.1%  Unlock8.0%
 Income between 40K and 50K  Unlock11.4%7.6%
 Income between 50K and 60K9.5%  Unlock7.2%
 Income between 60K and 75K  Unlock12.0%9.6%
 Income between 75K and 100K14.1%  Unlock12.8%
 Income between 100K and 150K  Unlock18.9%16.3%
 Income between 150K and 200K3.7%  Unlock7.8%
 Income greater than 200K  Unlock2.4%9.5%
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 Population By Occupation
 Redwood Falls, MNNew Ulm, MNUnited States
 Management, business, finance10.6%  Unlock16.4%
 Engineering, computers, science  Unlock4.3%6.5%
 Community, social services4.3%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library6.2%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.8%2.0%
 Healthcare practitioners and technology6.0%  Unlock6.2%
 Healthcare support  Unlock3.7%3.3%
 Firefighters, law enforcement3.2%  Unlock2.1%
 Food preparation, serving  Unlock7.4%5.4%
 Building maintenance5.7%  Unlock3.6%
 Personal care  Unlock2.7%2.6%
 Sales, office, administrative support14.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.3%0.6%
 Construction, extraction, maintenance/repair11.5%  Unlock8.1%
 Production, transportation, material moving  Unlock23.1%13.1%
Reviews for Redwood Falls    1 Reviews

Over 17 years ago

It is very very cold here in 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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