New Market vs New Richmond

A side-by-side comparison of New Market and New Richmond: population, income, housing, and more.

New Market and New Richmond are places in Indiana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

New Market has the higher population (544 vs 441 in New Richmond). New Richmond has the higher median household income ($80,104 vs $72,917 in New Market). New Market has the higher median home value ($136,900 vs $81,500 in New Richmond).

Population, income & housing

	New Market	New Richmond
Population	544	441
Median age	43.2 yrs	37.5 yrs
Median household income	$72,917	$80,104
Median home value	$136,900	$81,500
Median gross rent	$964	$1,063
Housing units	244	176
Homeownership rate	79.8%	92.0%
Bachelor's degree or higher	11.1%	10.8%
Unemployment rate	2.1%	6.8%

Trends (ACS 5-year, 2019–2023)

	New Market	New Richmond
Population	599 → 544 (-9.2%)	333 → 441 (+32.4%)
Median household income	$58,984 → $72,917 (+23.6%)	$50,938 → $80,104 (+57.3%)
Median home value	$92,300 → $136,900 (+48.3%)	$78,100 → $81,500 (+4.4%)
Median gross rent	$867 → $964 (+11.2%)	$725 → $1,063 (+46.6%)

New Market

Population

599544

Median household income

$58,984$72,917

Median home value

$92,300$136,900

Median gross rent

$867$964

New Richmond

Population

333441

Median household income

$50,938$80,104

Median home value

$78,100$81,500

Median gross rent

$725$1,063

Age & race/ethnicity

Age distribution (share)

	New Market	New Richmond
Under 5	1.3%	2.3%
5 to 17	18.2%	24.3%
18 to 24	7.7%	10.7%
25 to 34	15.1%	7.9%
35 to 44	9.9%	16.3%
45 to 54	10.7%	9.1%
55 to 64	11.2%	16.8%
65 to 74	17.5%	8.2%
75 and over	8.5%	4.5%

Race & ethnicity (share)

	New Market	New Richmond
White (non-Hispanic)	96.9%	97.3%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	2.0%
Native Hawaiian & Pacific Islander	0.0%	0.2%
Some other race	0.0%	0.0%
Two or more races	1.5%	0.5%
Hispanic or Latino	1.7%	0.0%

Educational attainment (age 25+)

Share of adults 25+

	New Market	New Richmond
No high school diploma	7.6%	21.7%
High school graduate	53.5%	45.5%
Some college or associate's	27.8%	22.0%
Bachelor's degree	10.1%	8.7%
Graduate or professional degree	1.0%	2.2%

Commute to work

How workers get to work (share)

	New Market	New Richmond
Drove alone	87.5%	80.8%
Carpooled	8.1%	11.0%
Public transit	0.0%	0.0%
Walked	0.0%	0.6%
Bicycle	0.0%	0.0%
Worked from home	4.4%	7.6%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	New Market	New Richmond
1-unit, detached	88.1%	93.8%
1-unit, attached	0.0%	1.1%
2 to 4 units	8.6%	2.8%
5 to 19 units	0.0%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	3.3%	2.3%

Poverty & households

	New Market	New Richmond
Poverty rate	2.8%	6.3%
Average household size	2.44	2.71
Mean commute (minutes)	21	43
Median year structure built	1956	1938