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New Chicago town, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

As of 2026, New Chicago town, Indiana has a total population of 2,348, the 204th largest city in Indiana, with a median household income of $54,700, which is 22% lower than the state average. The poverty rate is 15.9%.

Key Takeaways

New Chicago town Quick Facts

Population 2,348
Median Household Income $54,700
Median Home Value $118,900
Poverty Rate 15.9%
Unemployment Rate 7.8%
Median Age 30.4 years
Homeownership Rate 68.2%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 17.0%
High School Graduation Rate 82.7%
Diversity Index 56/100
Population 2,348 204th of 967
Median Income $54,700 below average
Poverty Rate 15.9% 28% higher national
Median Home Value $118,900 average

How New Chicago town Compares

Economy & Housing

Employment

7.8% Unemployment Rate State: 4.3% | National: 5.2%
65.5% Labor Force Participation

Housing Overview

Owner 68.2%
Renter 31.8%
Affordability Index Very Affordable
2.2x home value to income ratio

People & Demographics

Diversity Index

56out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 40 | National average: 60

Education

New Chicago town Rankings in Indiana

#204 Population of 967
#545 Median Income of 967
#391 Education of 967
#489 Home Value of 967

Cities Similar to New Chicago town

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Fowler town2,286$51,654$110,30016.4%9.3%
Bloomfield town2,440$51,144$108,70013.0%13.5%
Brooklyn town2,410$60,742$117,80015.7%10.1%
Spencer town2,308$47,994$146,30018.3%13.9%
Rising Sun city2,570$54,821$141,50017.9%13.6%

Population Overview

New Chicago town is a small community located in Indiana. The total population is 2,348. It ranks as the 204th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in New Chicago town is 30.4 years. This is 20% lower than the state median of 38.0 years. With 30.1% of the population under 18, New Chicago town has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in New Chicago town is $54,700. This is 22% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 30% lower. The poverty rate stands at 15.9%. This is 31% higher than the state poverty rate of 12.2%. The unemployment rate is 7.8%. This is 83% higher than the state rate of 4.3%. The median home value is $118,900. Housing costs are 41% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.2x, New Chicago town is one of the most affordable housing markets in the area. 68.2% of occupied housing units are owner-occupied. This homeownership rate is 3% lower than the state average of 70.3%.

Race & Ethnicity

The largest racial or ethnic group in New Chicago town is White (non-Hispanic), making up 51.8% of the population. Hispanic or Latino residents account for 40.5%. The Black or African American population (2.0%) is well below the state average of 9.1%. The Hispanic or Latino population is significantly higher than the state average (40.5% vs 8.4%). The Asian population (1.1%) is well below the state average of 2.5%.

Education

17.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 41% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 82.7%.

Data Sources & Methodology

All demographic data for New Chicago town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.

Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of New Chicago town, Indiana?

New Chicago town, Indiana has a population of 2,348 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in New Chicago town, IN?

The median household income in New Chicago town is $54,700, which is 30% lower the national median of $78,538.

What is the poverty rate in New Chicago town, IN?

The poverty rate in New Chicago town is 15.9%. This means approximately 374 residents live below the federal poverty line.

What is the racial makeup of New Chicago town, Indiana?

New Chicago town's population is 51.8% White, 2.0% Black, 40.5% Hispanic/Latino, and 1.1% Asian.

What is the median home value in New Chicago town, IN?

The median home value in New Chicago town is $118,900. The home-value-to-income ratio is 2.2x.

How educated is New Chicago town, Indiana?

17.0% of adults (25+) in New Chicago town hold a bachelor's degree or higher, and 5.4% hold a graduate or professional degree.