New Germany, MN Profile: Facts & Data

New Germany, Minnesota - Basic Facts

The City of New Germany had a population of 517 as of July 1, 2024.

The primary coordinate point for New Germany is located at latitude 44.8841 and longitude -93.9705 in Carver County. The formal boundaries for the City of New Germany encompass a land area of 1 sq. miles and a water area of 0 sq. miles. Carver County is in the Central time zone (GMT -6).

The City of New Germany has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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New Germany, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	517 (100%)
Population in Households	517 (100.0%)
Population in Families	417 (80.7%)
Population in Group Quarters¹	0
Population Density	518
Diversity Index²	19


INCOME
Median Household Income	$79,714
Average Household Income	$103,275
% of Income for Mortgage⁴	40%
Per Capita Income	$37,155
Wealth Index⁵	85
Socioeconomic Status Index⁶	Moderate (55.4)

HOUSING
Total HU (Housing Units)	205 (100%)
Owner Occupied HU	152 (74.1%)
Renter Occupied HU	34 (16.6%)
Vacant Housing Units	19 ( 9.3%)
Median Home Value	$505,102
Average Home Value	$540,132
Housing Affordability Index³	61

HOUSEHOLDS
Total Households	186
Average Household Size	2.78
Family Households	112
Average Family Size	4.00

HOUSING

Total HU (Housing Units)

205 (100%)

Owner Occupied HU

152 (74.1%)

Renter Occupied HU

34 (16.6%)

Vacant Housing Units

19 ( 9.3%)

Median Home Value

$505,102

Average Home Value

$540,132

Housing Affordability Index³

HOUSEHOLDS

Total Households

186

Average Household Size

2.78

Family Households

112

Average Family Size

4.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	2.17%	8.41%
Households	0.38%	7.82%
Families		9.46%
Median Household Income		5.31%
Per Capita Income		3.23%
Owner Occupied HU		9.38%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

2.17%

8.41%

Households

0.38%

7.82%

Families

9.46%

Median Household Income

5.31%

Per Capita Income

3.23%

Owner Occupied HU

9.38%

New Germany, MN - Peer Comparisons by Rank and Percentile

The table below compares New Germany to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 497	46th
Population Density	# 470	49th
Median Household Income	# 405	56th
Housing Affordability Index	# 180	20th
Per Capita Income	# 625	32nd
Diversity Index	# 518	44th

Variable Description

Rank

Percentile

Total Population

# 497

46th

Population Density

# 470

49th

Median Household Income

# 405

56th

Housing Affordability Index

# 180

20th

Per Capita Income

# 625

32nd

Diversity Index

# 518

44th

Minnesota Census Data Comparison Tool

New Germany, MN Profile: Facts & Data

New Germany, Minnesota - Basic Facts

New Germany, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

New Germany, MN - Peer Comparisons by Rank and Percentile

New Germany, MN - Most Popular Things to Do

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Carver County