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New Era village, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 2.1x is exceptionally low

As of 2026, New Era village, Michigan has a total population of 453, the 561st largest city in Michigan, with a median household income of $81,500, which is 15% higher than the state average. The poverty rate is 7.3%.

Key Takeaways

New Era village Quick Facts

Population 453
Median Household Income $81,500
Median Home Value $172,200
Poverty Rate 7.3%
Unemployment Rate 1.2%
Median Age 53.1 years
Homeownership Rate 94.4%
Affordability Ratio 2.1x
Bachelor's Degree or Higher 31.1%
High School Graduation Rate 95.4%
Diversity Index 24/100
Population 453 561st of 745
Median Income $81,500 top 20%
Poverty Rate 7.3% 41% lower national
Median Home Value $172,200 above average

How New Era village Compares

Economy & Housing

Employment

1.2% Unemployment Rate State: 5.8% | National: 5.2%
63.6% Labor Force Participation

Housing Overview

Owner 94.4%
Renter 5.6%
Affordability Index Very Affordable
2.1x home value to income ratio

People & Demographics

Diversity Index

24out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 44 | National average: 60

Education

New Era village Rankings in Michigan

#561 Population of 745
#129 Median Income of 745
#193 Education of 745
#296 Home Value of 745

Cities Similar to New Era village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Barnes Lake CDP468$75,585$212,30035.9%8.6%
Bloomingdale village467$65,417$113,50013.9%27.7%
South Boardman CDP521$80,781$182,70020.7%11.9%
Shaftsburg CDP498$90,054$235,90014.1%4.0%
Pewamo village511$76,250$179,50019.6%6.5%

Population Overview

New Era village is a small community located in Michigan. The total population is 453. It ranks as the 561st most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in New Era village is 53.1 years. This is 32% higher than the state median of 40.1 years. Only 14.8% of residents are under 18, indicating fewer families with children. 10.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in New Era village is $81,500. This is 15% higher than the state median of $71,149. Compared to the national median of $78,538, household income here is 4% higher. The poverty rate stands at 7.3%. This is 44% lower than the state poverty rate of 13.1%. The unemployment rate is 1.2%. This is 80% lower than the state rate of 5.8%. The median home value is $172,200. Housing costs are 21% lower than the state median of $217,600. With a home-value-to-income ratio of just 2.1x, New Era village is one of the most affordable housing markets in the area. 94.4% of occupied housing units are owner-occupied. This homeownership rate is 29% higher than the state average of 72.9%.

Race & Ethnicity

New Era village has a predominantly White (non-Hispanic) population, comprising 86.3% of all residents. Hispanic or Latino residents account for 8.8%. The Hispanic or Latino population is significantly higher than the state average (8.8% vs 5.7%). The Asian population (0.4%) is well below the state average of 3.3%.

Education

31.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 2% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.4%.

Data Sources & Methodology

All demographic data for New Era village, Michigan 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 Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of New Era village, Michigan?

New Era village, Michigan has a population of 453 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in New Era village, MI?

The median household income in New Era village is $81,500, which is 4% higher the national median of $78,538.

What is the poverty rate in New Era village, MI?

The poverty rate in New Era village is 7.3%. This means approximately 33 residents live below the federal poverty line.

What is the racial makeup of New Era village, Michigan?

New Era village's population is 86.3% White, 0.0% Black, 8.8% Hispanic/Latino, and 0.4% Asian.

What is the median home value in New Era village, MI?

The median home value in New Era village is $172,200. The home-value-to-income ratio is 2.1x.

How educated is New Era village, Michigan?

31.1% of adults (25+) in New Era village hold a bachelor's degree or higher, and 11.1% hold a graduate or professional degree.