New Market town, Indiana Demographics & Population 2026

Population Overview

New Market town is a small community located in Indiana. The total population is 544. It ranks as the 493rd most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in New Market town is 43.2 years. This is 14% higher than the state median of 38.0 years.

Economy, Income & Housing

The median household income in New Market town is $72,917. This is 4% higher than the state median of $70,051. Compared to the national median of $78,538, household income here is 7% lower. The poverty rate stands at 2.8%. This is 77% lower than the state poverty rate of 12.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.1%. This is 52% lower than the state rate of 4.3%. The median home value is $136,900. Housing costs are 32% lower than the state median of $201,600. With a home-value-to-income ratio of just 1.9x, New Market town is one of the most affordable housing markets in the area. 79.8% of occupied housing units are owner-occupied. This homeownership rate is 13% higher than the state average of 70.3%.

Race & Ethnicity

New Market town has a predominantly White (non-Hispanic) population, comprising 96.9% of all residents. Hispanic or Latino residents account for 1.7%. The Hispanic or Latino population (1.7%) is well below the state average of 8.4%.

Education

11.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 61% 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 92.4%.

Data Sources & Methodology

All demographic data for New Market 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.