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New Chicago, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 2.3x is exceptionally low

During the 2020–2024 ACS period, New Chicago, Indiana had a total population of 2,225, the 213th largest town in Indiana, with a median household income of $57,313, which is 20% lower than the state average. The poverty rate is 16.7%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

New Chicago Quick Facts

Population 2,225
Median Household Income $57,313
Median Home Value $134,100
Poverty Rate 16.7%
Unemployment Rate 4.8%
Median Age 32.4 years
Homeownership Rate 68.2%
Affordability Ratio 2.3x
Bachelor's Degree or Higher 13.4%
High School Graduation Rate 81.0%
Diversity Index 58/100
Population 2,225 213th of 967
Median Income $57,313 below average
Poverty Rate 16.7% 34% higher than national
Median Home Value $134,100 average

How New Chicago Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,3482,225-5.2%
Median household income$54,700$57,313+4.8%
Median home value$118,900$134,100+12.8%

How New Chicago Compares

Economy & Housing

Household Income Distribution

Under $25K 16.5%
$25K-$50K 28.5%
$50K-$100K 30.2%
$100K+ 24.8%
Detailed income brackets
Under $10K
3.8%
$10K-$15K
5.3%
$15K-$20K
5.2%
$20K-$25K
2.2%
$25K-$30K
2.6%
$30K-$35K
11.0%
$35K-$40K
3.3%
$40K-$45K
5.5%
$45K-$50K
6.0%
$50K-$60K
5.8%
$60K-$75K
11.8%
$75K-$100K
12.7%
$100K-$125K
14.0%
$125K-$150K
1.7%
$150K-$200K
6.3%
$200K+
2.8%

Employment

4.8% Unemployment Rate State: 4.3%|National: 5.2%
67.1% Labor Force Participation

Housing Overview

Owner 68.2%
Renter 31.8%
Affordability Index Very Affordable
2.3x home value to income ratio
Median gross rent $1,141/mo 23.9% of median household income annually

People & Demographics

Diversity Index

58out of 100
High Diversity

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

State average: 41 | National average: 61

Education

New Chicago Rankings in Indiana

#213 Population of 967
#514 Median Income of 796
#522 Education of 966
#468 Home Value of 818

Other Cities in Lake County

CityPopulationMedian IncomePovertyHome Value
Hammond 76,768 $55,504 19.1% $159,900
Gary 68,113 $38,731 33.1% $94,700
Merrillville 36,476 $67,587 12.6% $211,400
Crown Point 34,393 $101,686 6.9% $294,800
Schererville 29,701 $89,466 7.7% $314,900
Hobart 29,558 $75,160 10.0% $215,200
East Chicago 26,022 $42,125 26.3% $105,400
Munster 23,733 $110,187 6.0% $334,300
Highland 23,680 $78,062 11.6% $233,300
St. John 22,567 $131,467 2.1% $406,300

Cities Similar to New Chicago

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Middletown2,235$56,008$96,20014.1%12.7%
Orleans2,235$65,330$117,50011.0%13.9%
Knightstown2,241$49,792$130,00016.5%22.0%
Greentown2,094$60,521$123,40019.6%7.0%
Fowler2,360$53,576$111,80016.7%14.3%

Population Overview

New Chicago is a small community located in Indiana, within Lake County. The total population is 2,225. It ranks as the 213th most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in New Chicago is 32.4 years. This is 15% lower than the state median of 38.1 years.

Economy, Income & Housing

The median household income in New Chicago is $57,313. This is 20% lower than the state median of $71,957. It is also 29% lower than the national median of $80,734. The poverty rate stands at 16.7%. This is 35% higher than the state poverty rate of 12.3%. The unemployment rate is 4.8%. This is 11% higher than the state rate of 4.3%. The median home value is $134,100. Housing costs are 39% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.3x, New Chicago 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 70.5%.

Race & Ethnicity

The largest racial or ethnic group in New Chicago is White (non-Hispanic), making up 48.2% of the population. Hispanic or Latino residents account for 43.5%. The Black or African American population (1.8%) is well below the state average of 9.1%. The Hispanic or Latino population is significantly higher than the state average (43.5% vs 8.6%). The Asian population (1.2%) is well below the state average of 2.6%.

Education

13.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 54% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.0%.

Data Sources & Methodology

All demographic data for New Chicago, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of New Chicago, Indiana?

New Chicago, Indiana has a population of 2,225 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in New Chicago is $57,313, which is 29% lower than the national median of $80,734.

What is the poverty rate in New Chicago, IN?

The poverty rate in New Chicago is 16.7%. This means approximately 370 residents live below the federal poverty line.

What is the racial makeup of New Chicago, Indiana?

New Chicago's population is 48.2% White, 1.8% Black, 43.5% Hispanic/Latino, and 1.2% Asian.

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

The median home value in New Chicago is $134,100. The home-value-to-income ratio is 2.3x.

How educated is New Chicago, Indiana?

13.4% of adults (25+) in New Chicago hold a bachelor's degree or higher, and 3.8% hold a graduate or professional degree.