New Market, Indiana Population 2024

574

New Market is a city located in Boone County, Fountain County, and Montgomery County Indiana. New Market has a 2024 population of 574. New Market is currently growing at a rate of 0.53% annually and its population has increased by 2.5% since the most recent census, which recorded a population of 560 in 2020.

The average household income in New Market is $67,327 with a poverty rate of 2.29%. The median age in New Market is 42 years: 40.8 years for males, and 44 years for females.

New Market Demographics

According to the most recent ACS, the racial composition of New Market was:

  • White: 99.12%
  • Two or more races: 0.88%
  • Black or African American: 0%
  • Native American: 0%
  • Asian: 0%
  • Native Hawaiian or Pacific Islander: 0%
  • Other race: 0%
State
Indiana
Land Area (mi²)
0.3 sq mi
Density (mi²)
2,107.90/sq mi
Growth Since 2020
2.5% (14)
The current population of New Market, Indiana is 574 based on our projections of the latest US Census estimates (released May 2024). The last official US Census in 2020 recorded the population at 560.

Population by Race

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Race
Population
Percentage (of total)
White56399.12%
Two or more races50.88%
Black or African American00%
Native American00%
Asian00%
Native Hawaiian or Pacific Islander00%
Other race00%

White

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Other race

New Market Population by Race

New Market Population Pyramid 2024

New Market Median Age

42

Total

40.8

Male

44

Female

New Market Adults

There are 443 adults, (163 of whom are seniors) in New Market.

New Market Age Dependency

102.9

Age Dependency Ratio

58.2

Old Age Dependency Ratio

44.6

Child Dependency Ratio

New Market Sex Ratio

Female25845.42%
Male31054.58%

New Market Population by Age

New Market Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All2292.4882.117.9
Married1303.2283.116.9
Non Family891.1678.721.3
Female84.51000
Male251000

3.27

Average Family Size

2.48

Average Household Size

82.1%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

New Market Households and Families

Male

Female

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Education Attained
Count
Percentage
9th to 12th Grade256.22%
Associates Degree338.21%
Bachelors Degree348.46%
Graduate Degree81.99%
High School Graduate22455.72%
Less Than 9th Grade30.75%
Some College7518.66%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

New Market Educational Attainment by Sex (over 25)

New Market Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White39236442
2+ Races550
Hispanic550

The highest rate of high school graduation is among 2+ races people with a rate of 100%.

The highest rate of bachelors degrees is among white people with a rate of 10.71%.

New Market Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Bachelors Degree$58,750$82,083$43,438
Graduate Degree$0$0$0
High School Graduate$38,333$42,604$21,094
Less Than 9th Grade$35,972$0$0
Overall$40,000$43,869$24,464
Some College$43,750$48,750$29,167

$40,000

Average Earnings

$43,869

Average Male

$24,464

Average Female

New Market Earnings by Educational Attainment

New Market Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

New Market Language

99.82% of New Market residents speak only English, while 0.18% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0.18% of the population.

New Market Language

New Market Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White558132.33%

2.29%

Overall Poverty Rate

3.55%

Male Poverty Rate

0.78%

Female Poverty Rate

Poverty in New Market

The race most likely to be in poverty in New Market is White, with 2.33% below the poverty level.

The race least likely to be in poverty in New Market is White, with 2.33% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 0%, and for those that did not work, the poverty rate was 6.91%.

New Market Poverty

rate

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Rate
Poverty
Bachelors or Greater19.05%
Less Than 9th Grade10.71%
High School0.89%
Some College0%

New Market Poverty Rate by Education

rate

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Rate
Poverty
Male Employed0%
Male Unemployed0%
Female Employed0%
Female Unemployed0%

New Market Poverty Rate by Employment Status and Sex

New Market Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Families$75,682$78,999
Households$66,250$67,327
Married Families$76,364$-999,999,999
Non Families$40,417$45,376

mean

median

Income by Household Type

New Market Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

60.6%

Overall Marriage Rate

59.7%

Male Marriage Rate

61.8%

Female Marriage Rate

New Market Married by Age and Sex

male

female

New Market Marriage

The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 35-44.

New Market Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

New Market Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

69

Number of Veterans

69

Male Veterans

0

Female Veterans

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War
Veterans
Vietnam40
Korea11
Second Gulf War9
World War II8
First Gulf War2

New Market Veterans by War

count

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Age Group
Veterans
65 to 7437
75+21
18 to 349
55 to 642
35 to 540

New Market Veterans by Age

count

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Name
Veterans
% of Total
White6915.75%

New Market Veterans by Race

New Market Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

15.94%

Veteran Poverty Rate

49.28%

Veteran Disability Rate

New Market Veterans by Education

LaborForceParticipation

57.1%

Labor Force Participation

55.4%

Employment Rate

3%

Unemployment Rate

New Market Employment by Age

LaborForceParticipation

New Market Employment by Race

LaborForceParticipation

New Market Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

91.2%

Born in New Market

99.65%

Native Born

0.35%

Foreign Born

0%

Non Citizen

0.35%

Naturalized

Place of Birth

99.65% of New Market residents were born in the United States, with 91.2% having been born in Indiana. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

New Market Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
202959230.51%
202858940.68%
202758540.69%
202658130.52%
202557840.7%
202457430.53%
202357161.06%
202256550.89%
202156000%
2020560-62-9.97%
2019622-1-0.16%
2018623-1-0.16%
2017624-1-0.16%
2016625-1-0.16%
201562630.48%
201462300%
2013623-1-0.16%
2012624-4-0.64%
201162840.64%
201062400%

New Market Population by Year