[2] At more than 1,000 metres (3,300 ft) above sea level, Uralla's high altitude makes for cool to cold winters and mild summers.

[3] During the 1980s and 1990s, the community bought and restored McCrossins Mill, and the complex now operates as a museum, gallery and function centre, run by volunteers.

Some of the squatting runs were Kentucky, Gostwyck, Balala, Yarrowyck, Mihi Creek, Terrible Vale and Salisbury Court.

In addition to an initially controversial statue in the main street, Uralla is host to a pub, motel, rock (from where Thunderbolt ambushed passing travellers) and roads, all bearing his name.

The legend of Thunderbolt is exhibited at McCrossin's Mill Museum in Uralla and includes the series of 9 paintings by Phillip Pomroy of the events that led to Fred Ward's death.

[10] Uralla has an oceanic climate (Köppen: Cfb), with warm, stormy summers and cool to cold winters with a few snowfalls and many frosts.

As Uralla is situated about halfway between Sydney and Brisbane, tourism contributes significantly to its economy, with a thriving village atmosphere and 20 National Parks within a two-hour drive.

Due to Uralla's proximity to Armidale, larger shopping chains have avoided the small town and independent retailers remain.

Uralla is also host to a thriving community of artists and potters, stimulated by proximity to the University of New England in nearby Armidale.

The 2011 census found that the most common industries of all the employed people in the locality were: There are a number of environmental problems in the area, mainly caused by poor land management.