New Market is a small town of 1,095 in Alabama, with a median household income of $61,188
and a 1.8% unemployment rate.
Its cost of living index is 91 (US average = 100), which is
9% below the national average.
Strengths:
New Market stands out for an affordable cost of living, below-average home prices, solid school ratings (B-).
Trade-offs:
Potential downsides include longer commutes. Whether New Market is right for you depends on your priorities — the full breakdown is below.
All New Market city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 91.0
New Market's overall cost of living index is 91.0,
where 100 represents the US national average.
Living in New Market costs roughly 9% less than the average American city.
Metric
New Market, AL
National Avg
Median Home Value
$129,400
$244,900
Median Monthly Rent
$919
$1,163
Homeownership Rate
80.3%
65.9%
Median Household Income
$61,188
$74,755
Crime & Safety
Safer than Average
New Market's violent crime rate is 335.7 per 100,000 residents
— 12% lower than the national average of ~380 per 100,000.
Violent Crime
335.7 /100k
Property Crime
1713.6 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
New Market is served primarily by Madison County.
The student-to-teacher ratio is 18.4:1
(slightly above the national average of ~16:1).
Metric
New Market, AL
National Avg
School District
Madison County
—
Elementary Schools
16
—
Middle Schools
5
—
High Schools
8
—
Student/Teacher Ratio
18.4:1
16:1
Bachelor's Degree or Higher
22.9%
35.4%
High School Diploma or Higher
91.1%
91.1%
Weather & Climate
New Market sees average highs of 49.8°F in January
and 88.8°F in July,
with 58.0 inches of annual precipitation
and 1.1 inches of snow per year.
New Market's cost of living index is 91, where 100 is the national average.
That makes New Market roughly 9% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $129,400 and median rent is $919/month.
New Market's violent crime rate is 335.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1713.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in New Market are operated by Madison County.
The district has 16 elementary, 5 middle, and 8 high schools.
The student-to-teacher ratio is 18.4:1. 22.9% of adults 25+ hold a bachelor's degree or higher.
New Market, AL has a population of 1,095, a median household income of $61,188, and an unemployment rate of 1.8%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
New Market averages 49.8°F in January and 88.8°F in July. Annual rainfall is 58.0 inches
with about 1.1 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
New Market, AL is covered by 1 ZIP code: 35761.
The population of New Market, Alabama is 1,095 with a median age of 35.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in New Market: cost of living index 91 (100 = US average), median home $129,400, median household income $61,188, crime index 86 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare New Market side by side with your current city to see the trade-offs.
