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Zip 78950 (New Ulm, TX) Economy


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New Ulm, Texas, located in Fayette County and just a short drive from Houston, is an ideal destination for those looking for a rural escape without sacrificing modern amenities. With a population of 78950 residents, New Ulm offers plenty of activities, restaurants and attractions to keep everyone entertained. The cost of living in New Ulm is relatively low compared to the rest of the US; average 2-bedroom rent is $980 versus $1,430 nationally and groceries are about 8% cheaper than the national average.
Some places of interest in New Ulm include the Blacksmith Shop Museum and the Sts. Peter & Paul Catholic Church, which has served as an important community hub since 1887. Locally owned businesses such as J&M Grocery Store, Hartel鈥檚 Cafe & Bakery and El Gringo Mexican Restaurant offer excellent food and friendly service at reasonable prices. Visitors can also explore nearby lakes or go fishing at one of New Ulm鈥檚 many parks.

New Ulm (zip 78950) has an unemployment rate of 6.7%. The US average is 6.0%.

New Ulm (zip 78950) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.

Tax Rates for New Ulm (zip 78950)
- The Sales Tax Rate for New Ulm (zip 78950) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for New Ulm (zip 78950) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for New Ulm (zip 78950)
- The average income of a New Ulm (zip 78950) resident is $39,104 a year. The US average is $37,638 a year.
- The Median household income of a New Ulm (zip 78950) resident is $79,531 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Ulm, TexasUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
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    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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