Access 2018 S&O Reports, featuring county and metro projections to 2030,
via the interactive table at http://proximityone.com/metros.htm.
The 2018 reports are similar but have been greatly expanded and updated.
1. Recent Trends & Outlook
Summary of recent business, demographic, economic trends; year-ahead & 5-year outlook.
- the Recent Trends & Outlook section, updated quarterly,
covers topics about this metro such as .. assessing the implications of next jobs report
.. impact of Fed''s interest rate action
.. which sectors are expanding or contracting
.. housing market conditions
.. insights to help your planning and decision-making.
The Recent Trends & Outlook section is available in the subscription edition.
2. Overview & Update The total population of the New Ulm, MN MISA metro changed from 25,856 in 2010 to 25,290 in 2015, a change of -543 (-2.1%). Among all 917 metros, this metro was ranked number 846 in 2010 and 853 in 2015, based on total population. Annual net migration was -154 (2011), -275 (2012), -79 (2013), 41 (2014), 41 (2015). View annual population estimates and components of change table. See more about population characteristics below.
This metro is projected to have a total population in 2020 of 26,271. The projected population change from 2010 to 2020 is 396 (1.5%). The population ages 65 years and over is projected to change from 5,023 (2010) to 5,978 (2020), a change of 955 (19.0%). See more about population projections.
Based on per capita personal income (PCPI), this metro was ranked number 192 in 2008 and 142 in 2014. among the 917 metros for which personal income was estimated.The PCPI changed from $38,412 in 2008 to $45,804 in 2014, a change of $7,392 (19.2%). Per capita personal income (PCPI) is a comprehensive measure of individual economic well-being. Use the interactive table to compare PCPI in this metro to other metros. See more about PCPI in Economic Characteristics section below.
Attributes of driil-down, small area geography within the metro ... metros account for 65,744 of the national scope 73,056 census tracts (others are in non-metro areas). This metro is comprised of 8 tracts covering the metro wall-to-wall. View, rank, compare demographic-economic attributes of these tracts using the interactive tables. Use the CBSA code 35580; see table usage details below the table.
3. Lay of the Land & Neighborhood Patterns of Economic Prosperitygo top
3.1. Lay of the Landgo top
Lay of the Land. The following map shows the metro with bold boundary. Counties are labeled with county name and state-county FIPS code.
View developed with CV XE GIS software. See this section to learn about making custom metro maps.
3.2. Patterns of Economic Prosperity by Neighborhoodgo top
Median household income by census tract (see color/data legend at left of map).
View developed with CV XE GIS software. See this section to learn about making custom metro maps.
4. Population Characteristics & Trendsgo top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.
Updated periodically, annually. General demographics, social characteristics and extended detail Available in subscription edition.
Metropolitan areas are defined as one or more contiguous counties based on a set of demographic-economic criteria. Counties comprising the metro are shown below. For multi-county metros, this section provides insights into how the population is changing by county. Many metros changed geographic composition (counties included in the metro) between the Census 2010 vintage and the current vintage. These changes, if any, are also shown below (county is marked with **). See projections in related section.Click county code link to view county components of change.
5. Housing Characteristics & Trendsgo top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.
5.1. Total Housing Units Updated Annually. Independent annual model-based estimates. For more information, detail & to compare areas use interactive table.
The Economic Profile shows shows derivation and key components of total personal income. Data are organized by place of residence and place of work. The place of residence profile includes estimates of total personal income, population, and per capita personal income. The place of work profile includes estimates of total earnings, total employment and average earnings per job. Updated annually. See related interactive table.
Item
2011
2012
2013
2014
2015
Change 2011-2015
%Change 2011-2015
Personal income
1,094,984
1,162,350
1,155,788
1,177,289
1,207,116
112,132
10.2
Net earnings 1/
675,315
714,776
730,706
711,762
726,244
50,929
7.5
Personal current transfer receipts
228,502
226,631
225,211
241,044
248,992
20,490
9.0
Income maintenance 2/
14,015
14,207
14,227
14,663
14,485
470
3.4
Unemployment insurance compensation
8,391
6,488
5,076
4,045
3,975
-4,416
-52.6
Retirement and other
206,096
205,936
205,908
222,336
230,532
24,436
11.9
Dividends, interest, and rent 3/
191,167
220,943
199,871
224,483
231,880
40,713
21.3
Population 4/
25,663
25,408
25,280
25,290
25,313
-350
-1.4
Per capita personal income
42,668
45,747
45,719
46,552
47,688
5,020
11.8
Per capita net earnings
26,315
28,132
28,905
28,144
28,691
2,376
9.0
Per capita personal current transfer receipts
8,904
8,920
8,909
9,531
9,837
933
10.5
Per capita income maintenance
546
559
563
580
572
26
4.8
Per capita unemployment insurance compensation
327
255
201
160
157
-170
-52.0
Per capita retirement and other
8,031
8,105
8,145
8,791
9,107
1,076
13.4
Per capita dividends, interest, and rent
7,449
8,696
7,906
8,876
9,161
1,712
23.0
Earnings by place of work
760,118
799,960
842,702
820,464
848,405
88,287
11.6
Wages and salaries
460,255
484,236
505,825
515,895
550,436
90,181
19.6
Supplements to wages and salaries
134,808
129,838
134,090
139,731
141,983
7,175
5.3
Employer cont. for empl. pension & insur. funds 6/
97,188
90,194
92,324
99,045
99,153
1,965
2.0
Employer cont. for government social insurance
37,620
39,644
41,766
40,686
42,830
5,210
13.8
Proprietors' income
165,055
185,886
202,787
164,838
155,986
-9,069
-5.5
Nonfarm proprietors' income
92,649
97,343
118,674
80,922
66,971
-25,678
-27.7
Farm proprietors' income
72,406
88,543
84,113
83,916
89,015
16,609
22.9
Total full-time and part-time employment
18,638
18,545
18,923
18,736
19,187
549
2.9
Wage and salary jobs
14,295
14,272
14,471
14,208
14,560
265
1.9
Number of proprietors
4,343
4,273
4,452
4,528
4,627
284
6.5
Number of nonfarm proprietors 7/
909
892
905
904
898
-11
-1.2
Number of farm proprietors
3,434
3,381
3,547
3,624
3,729
295
8.6
Average earnings per job (dollars)
40,783
43,136
44,533
43,791
44,218
3,435
8.4
Average wages and salaries
32,197
33,929
34,954
36,310
37,805
5,608
17.4
Average nonfarm proprietors' income
21,085
26,188
23,714
23,156
23,871
2,786
13.2
Dollar items are in current dollars (not adjusted for inflation). Per capita items in dollars; other dollar items in thousands of dollars. See related notes.
6.2. Cost of Living Indexesgo top Updated periodically. Available in subscription edition.
6.3. Cost of Doing Business Indexesgo top Updated periodically. Available in subscription edition.
6.4. Consumer Price Indexgo top Updated monthly. Available in subscription edition.
6.5. Gross Domestic Product by Sectorgo top Updated quarterly, annually. For more information, detail & to compare areas use interactive table. Additional detail in subscription edition.
6.6. Establishments, Employment & Earnings by Detailed Type of Businessgo top Updated quarterly. For more information, detail & to compare areas use interactive table.
6.7. Labor Market Characteristics & Trendsgo top Updated monthly. Available in subscription edition. For more information, detail & to compare areas use interactive table.
Table shows 13 most recent months.
7.2. Component Higher Education Institution Characteristicsgo top 2014-15 School Year. Extended detail Available in subscription edition.
Institution
City Name
Code
Level
Total UG Enrollment
Fulltime UG Enrollment
Total Grad Enrollment
Fulltime Grad Enrollment
Martin Luther College
New Ulm, MN
173452
7
783
708
74
0
Number of institutions: 1 ... Total undergraduate enrollment: 783 Levels: 3-Assoc degree, 4-at least 2, but < 4 years, 5-Bach degree, 6-Postbacc cert, 7 Masters degree, 8 Post-masters cert, 9 Doctors degree
8. GeoPoliticsgo top Updated periodically. Voting patterns, citizen voting age population, state legislative districts, congressional districts .. in this metro. Available in subscription edition.
Notes
All data are for current vintage county and metro definition.
Developed by ProximityOne --
Metro Reports (888-364-7656)
Data sources: ProximityOne, Census Bureau,
Bureau of Economic Analysis,
Bureau of Labor Statistics,
Federal Housing Finance Agency,
National Center for Education Statistics.
Updatesgo top
The subscription edition updates frequently. Selected items are listed below. Register to receive update notifications.
Overview lead narrative; quarterly & annual/March.
Housing Price Index (section 5.4) quarterly.
Establishments, employment & earnings (section 6.6) quarterly.
Economic profile and personal income (section 6.1) annual/November.
Labor market situation (section 6.7) monthly.
Residential construction; units authorized & value (section 5.3.) monthly.
Population by county; annual series 2010-2016 (section 4.2.) annual/July.
Population by county; links for individual counties (section 4.2.) annual/July.
-- includes annual data 2010-2016.
-- includes components of change; race/origin; single year of age; age group summaries.
Total population and components of change; annual/March.
Census tracts overview section; annual/December.
General Demographics section updated/extended; annual/December.
Gross Domestic Product section; annual/September.
Higher education institutions; annual/February.
Metro & county demographic component detailed annual estimates; annual/March.
School districts in metro & K-12 enrollment; annual/August.
More about schedule and upcoming events ... Calendar ...
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Terms of Usego top
Situation & Outlook Reports are a proprietary resource developed by ProximityOne.
There is no warranty of any type associated with any aspect of this report.
The user of this document is solely responsible to any use, direct or indirect, that might be made of this document.
Using this Documentgo top
The Situation & Outlook Report, a component of the Situation & Outlook, is a core ProximityOne information resource
providing insights into characteristics and trends of counties, metropolitan areas, states and the U.S.
The Report also provides a gateway to drill-down demographic, economic and business data
for smaller geographic areas.
Metropolitan areas
include approximately 94 percent of the U.S. population -- 85 percent in metropolitan statistical areas (MSAs)
and 9 percent in micropolitan statistical areas (MISAs).
About Metropolitan Areas & Principal Cities -- scroll section go top
Metropolitan Areas are designated by OMB ("Standards for Delineating Metropolitan and Micropolitan Statistical Areas") based
mainly on Census Bureau-sourced data.
Metropolitan areas are defined as Metropolitan Statistical Areas (MSA) and Micropolitan Statistical Areas (MISA).
MSAs and MISAs are also referred to a Core-Based Statistical Areas (CBSAs).
Contiguous CBSAs are defined as Combined Statistical Areas (CSA).
By definition, metropolitan areas are comprised of one or more contiguous counties. Metropolitan areas are not
single cities and typically include many cities.
Metropolitan areas are comprised of urban
and rural areas and often have large expanses of rural territory.
A business and demographic-economic synergy exists within each metro; metros often interact with adjacent metros.
The demographic-economic make-up of metros vary widely and change often.
See more about metros.
Principal Cities. The largest city in each metropolitan or micropolitan statistical area is designated a "principal city."
Principal cities are designated by OMB based on Census-sourced data.
Additional cities qualify as principal cities if specified requirements are met concerning population size and employment.
The title of each metropolitan or micropolitan statistical area consists of the names of up to three of its principal cities
and the name of each state into which the metropolitan or micropolitan statistical area extends.
Titles of metropolitan divisions also typically are based on principal city names but in certain cases consist of county names.
One or more principal cities are designated within each Metropolitan Statistical Area (MSA) and Micropolitan Statistical Area (MISA).
The term "principal city" is defined in the OMB "Standards for Delineating Metropolitan and Micropolitan Statistical Areas."
A principal city is an OMB designation applied to one or more incorporated places and/or census designated places (CDPs).
The OMB standards designate a Principal City (or Cities) of a Core-Based Statistical Area (CBSA) as determined by:
a) The largest incorporated place with a 2010 Census population of at least 10,000 in the CBSA or,
if no incorporated place of at least 10,000 population is present in the CBSA,
the largest incorporated place or census designated place in the CBSA; and
b) Additional places with 2010 Census population of at least 250,000 or in which 100,000 or more persons work; and
c) Additional places with 2010 Census population of 50,000-250,000,
and number of workers working in the place meets or exceeds the number of workers living in the place; and
d) Additional places with 2010 Census population of 10,000-50,000, and at least one-third the population size of the largest place,
and in which the number of workers working in the place meets or exceeds the number of workers living in the place.
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