New Market

County:: Montgomery County
County Seat:: No
Area (mi²):: 0.272
State:: Indiana

New Market is a town located in Montgomery County, Indiana. New Market has a 2025 population of 578. New Market is currently growing at a rate of 0.7% annually and its population has increased by 3.21% since the most recent census, which recorded a population of 560 in 2020.

The average household income in New Market is $76,173 with a poverty rate of 2.76%. The median age in New Market is 43.2 years: 40.6 years for males, and 44.9 years for females.

Demographics

The racial composition of New Market includes 98.53% White, and smaller percentages for Two or more races, Black or African American, Native American, Asian, Native Hawaiian or Pacific Islander, other race and multiracial populations.

Population by Race

White

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Other race

Race	Population	Percentage (of total)
White	536	98.53%
Two or more races	8	1.47%
Black or African American	0	0%
Native American	0	0%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%
Other race	0	0%

New Market Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

New Market's average per capita income is $41,992. Household income levels show a median of $72,917. The poverty rate stands at 2.76%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$90,652	-
Families	$90,380	$94,310
Households	$72,917	$76,173
Non Families	$50,278	$51,210

$41,992

Average Income

$72,917

Median Household Income

2.76%

Poverty Rate