New Germany, MN

Full City Profile · Minnesota · Carver County County

4.0 /5.0
A Great
581 Population 581/sq mi density
$88,438 Median Income $37,634 per capita
$252,600 Home Value $395,453 Zillow
$860 Median Rent 28.5% income on rent
45°F Avg Temperature
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.8 / 5.0
$88,438 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$252,600 home value, $860/mo rent
C
Education
2.3 / 5.0
16.7% bachelor's degree or higher

New Germany, MN

At a Glance

Median Income
$88,438
18% above
$37,634 per capita
Home Value
$252,600
10% below
Zillow: $395,453
Median Rent
$860/mo
26% below
28.5% of income on rent
Bachelor's Degree+
16.7%
50% below
98.4% high school+
Unemployment
1.4%
61% below
5.0% poverty rate
Obesity Rate
32.7%
2% above
13.6% smoking rate
Avg Temperature
45°F

How New Germany Compares to the U.S. Average

Each bar shows New Germany's value as a percentage of the national average (100% = U.S. avg)

Income
118%
Home Value
90%
Rent
74%
Poverty
40%
Bachelor's
50%
Unemployment
39%
Thin vertical line = U.S. national average (100%)

Is New Germany a Good Place to Live?

A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

New Germany residents earn a median household income of $88,438 , which is 18% above the national average of $75,149. Per capita income is $37,634. The unemployment rate stands at 1.4% (61% below the U.S. rate of 3.6%). 5.0% of residents live below the poverty line. The area is home to 2,874 business establishments, including 188 restaurants.

Housing & Cost of Living

The median home value in New Germany is $252,600 , 10% below the national median of $281,900. Zillow estimates the typical home at $395,453. Median rent is $860/month, with 28.5% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1961.

Education

16.7% of adults in New Germany hold a bachelor's degree or higher (50% below the national average). 98.4% have completed high school. Local schools score 7.2/10 in standardized testing.

Climate & Weather

New Germany has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. Annual precipitation totals 32.5 inches.

Data Overview

People

Population581
Median Age29.6 yrs
Density581/mi²
Male / Female53% / 47%
Foreign Born0.5%
Veterans2.1%

Economy

A+
Median Income$88,438
Per Capita$37,634
Unemployment1.4%
Poverty5.0%
County GDP$7,614M
Avg Weekly Wage$1,297

Housing

A+
Home Value$252,600
Rent$860
Ownership85.9%
Zillow$395,453
Housing Units212
Rent Burden28.5%

Health

Obesity32.7%
Diabetes7.9%
Smoking13.6%
Heart Disease5.0%
Premature Death3,990/100K

Climate

Avg Temp45°F
Rain32.5 in/yr
Elevation983 ft

Education

C
Bachelor's+16.7%
High School+98.4%
Graduate+2.0%
School Score7.2/10

Community

2024 VoteR 52% / D 46%
Commute29 min
Broadband89.7%
Internet Speed126 Mbps
EV Stations1
Libraries7

Did You Know?

The median home in New Germany was built in 1961.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (37 miles).
The Gini coefficient (income inequality) is 0.415 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
8.3% of the population has a disability.
Average internet download speed is 126 Mbps.
There are 188 restaurants in the area.
The county recorded 9 fatal vehicle crashes.