New Germany, MN is a small town located in Carver County. It has a population of about 1,250 people and a median household income of $72,147. The average 2 Bedroom Rent in New Germany is $1,240 compared to the US average of $1,430. Additionally, the Grocery Cost Index in the town is 100 which is the same as the US Average.
New Germany offers many local companies to serve its residents’ needs. These include K&K Automotive Inc., Swiss Colony Bakery & Deli LLC, Ramberg-Labor Agency Inc., A Good Time Party Rental and Events LLC, and Thomsen Farms Enterprise LLC. All these companies offer excellent services to ensure that New Germany remains an attractive place for people to live and work.
New Germany (zip 55367) has an unemployment rate of 3.7%. The US average is 6.0%.
New Germany (zip 55367) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for New Germany (zip 55367)
- The Sales Tax Rate for New Germany (zip 55367) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for New Germany (zip 55367) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Germany (zip 55367)
- The average income of a New Germany (zip 55367) resident is $34,093 a year. The US average is $37,638 a year.
- The Median household income of a New Germany (zip 55367) resident is $73,750 a year. The US average is $69,021 a year.