Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.6 yrs |
|---|---|
| Avg HH Size | 2.74 |
| Below Poverty | 6.2% ▼ 38% below avg |
| College Grads | 36.4% ≈ Avg |
| Unemployment | 0.8% ▼ 84% below avg |
| HS Graduate | 233 (35.7%) |
| Some College | 80 (12.3%) |
| Associates | 102 (15.6%) |
| Bachelors | 116 (17.8%) |
| Graduate Degree | 121 (18.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $89,896 ▲ 18% above avg |
|---|---|
| Median Home Value | $304,500 ▲ 9% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,075/mo |
| Total Housing Units | 410 |
| Vacant Units | 13 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Germany is a city in Minnesota, located in Carver County. The city spans 1 ZIP code and is home to approximately 1,086 residents. It is a relatively young city, with a median age of 33.6 years.
Economically, New Germany is a middle-income community. The median household income of $89,896 is above the national average. Approximately 6.2% of residents live below the poverty line. The unemployment rate is 0.8%, well below the national average.
The real estate market in New Germany is a mid-range housing market. Median home values stand at $304,500, which is near the national average. Renters typically pay around $1,075 per month. Homeownership is high at 88.7%, typical of suburban and family-oriented communities.
The population of New Germany is moderately educated. 36.4% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (89.5%).
New Germany, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55367 | 1,086 | $89,896 | $304,500 | $1,075 | 0.8% | 36.4% | 88.7% |