New London, MN Employment - Median Household Income, Unemployment Rate

New London employment information

Index	New London	Minnesota	National
Income per capita	$24,237	$33,225	$29,829
Median household income	$42,500	$63,217	$55,322
Median income owner occupied	$61,071	$77,618	$70,586
Median income renter occupied	$22,222	$34,348	$35,192
Median earnings male	$39,659	$40,933	$36,919
Median earnings female	$21,346	$29,114	$26,250
Unemployment rate	0.7%	3.4%	4.7%
Poverty level	11.7%	10.8%	15.1%

The New London, MN employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in New London is $24,237, which is 27% lower than than the Minnesota average and 19% lower than than the national average. The median household income is $42,500, which is 33% lower than than the Minnesota average and 23% lower than than the national average. The unemployment rate in New London is 1%, which is 85% lower than than the national average. The poverty rate in New London is 12% which is 22% lower than than the national average.

am i middle class

$28,330$42,500$85,000

City

$42,140$63,217$126,434

State

$36,877$55,322$110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

The income per capita in New London is 19% lower than the national average.
The median household income in New London is 23% lower than the national average.
Male median earnings are 41% higher than female median earnings.
The unemployment rate in New London is 85% lower than the national average.
The poverty level in New London is 22% lower than the national average.

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Compare New London, MN Employment To Other Cities

Employment status

Hours worked per week

New London median earnings by income bracket

New London employment by industry

Labour Type	Male	Female
Construction industry	33.5%	0.9%
Manufacturing sector	15.0%	2.1%
Financial & insurance services	1.6%	5.8%
Wholesale & retail services	8.7%	6.1%
Public administration	0.8%	0.6%
Transportation, warehousing & utilities	11.0%	1.5%
Education, health & social services	8.3%	42.5%
Other	21.3%	37.3%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Regal, MN	50	$66,250	20%
St. Martin, MN	342	$62,656	13%
Spicer, MN	1,309	$61,667	11%
Pennock, MN	537	$50,938	8%
Grove City, MN	615	$50,139	9%
New London, MN	1,267	$42,500	23%

Cities with similar population

City, State	Population	Household Income	National Avg.
Ellenboro, NC	1,267	$38,750	30%
Sophia, WV	1,267	$28,906	48%
Lakeview, LA	1,267	$35,313	36%
Tidmore Bend, AL	1,266	$50,000	10%
Little Valley, NY	1,268	$29,813	46%
New London, MN	1,267	$42,500	23%

Source: The New London, MN employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).