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

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B

10%

Income/capita NAT. AVG.

19%

Household income NAT. AVG.

37%

Unemployment NAT. AVG.

Index	New Munich	Minnesota	National
Income per capita	$26,855	$33,225	$29,829
Median household income	$66,000	$63,217	$55,322
Median income owner occupied	$66,250	$77,618	$70,586
Median income renter occupied	$0	$34,348	$35,192
Median earnings male	$41,750	$40,933	$36,919
Median earnings female	$32,500	$29,114	$26,250
Unemployment rate	3.0%	3.4%	4.7%
Poverty level	5.9%	10.8%	15.1%

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Key findings

The income per capita in New Munich is 10% lower than the national average
The median household income in New Munich is 19% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in New Munich is 37% lower than the national average
The poverty level in New Munich is 61% lower than the national average

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am i middle class

$43,995 $66,000 $132,000

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.

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New Munich median earnings by income bracket

New Munich employment by industry

Labour Type	Male	Female
Construction industry	14.0%	14.0%
Manufacturing sector	38.7%	38.7%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	29.0%	29.0%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	7.5%	7.5%
Education, health & social services	1.1%	1.1%
Other	9.7%	9.7%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Elmdale, MN	158	$97,000	75.3%
Lake Henry, MN	86	$88,269	59.6%
Avon, MN	1,547	$85,463	54.5%
St. Rosa, MN	38	$76,875	39.0%
Freeport, MN	855	$75,500	36.5%
New Munich, MN	309	$66,000	19.3%

Cities with similar population

City	Population	Household Income	National Avg.
Dillon Beach, CA	309	$171,477	210.0%
Esto, FL	309	$38,750	30.0%
Martelle, IA	309	$75,000	35.6%
Bancroft, ID	309	$57,917	4.7%
Hollister, ID	309	$41,250	25.4%
New Munich, MN	309	$66,000	19.3%

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