Median Income
$53,333
household / year
Median Home Value
$75,000
owner-occupied
Median Rent
$495
gross / month
Cost of Living
83
national avg = 100

Is New Market, IA a Good Place to Live?

New Market is a small town of 370 in Iowa, with a median household income of $53,333 and a 3.3% unemployment rate. Its cost of living index is 83 (US average = 100), which is 17% below the national average.

Strengths: New Market stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: No major red flags stand out in the available data. 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: 83.2

New Market's overall cost of living index is 83.2, where 100 represents the US national average. Living in New Market costs roughly 17% less than the average American city.

Metric New Market, IA National Avg
Median Home Value $75,000 $244,900
Median Monthly Rent $495 $1,163
Homeownership Rate 79.9% 65.9%
Median Household Income $53,333 $74,755

Crime & Safety

Crime data for New Market is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric New Market, IA National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 10.1% 35.4%
High School Diploma or Higher 90.6% 91.1%

Weather & Climate

New Market sees average highs of 32.7°F in January and 85.8°F in July, with 35.1 inches of annual precipitation and 22.8 inches of snow per year.

MetricNew Market, IA
Average High — January32.7°F
Average High — July85.8°F
Annual Precipitation35.1"
Annual Snowfall22.8"

Demographics

MetricNew Market, IANational Avg
Population370—
Median Age51.338.9
Unemployment Rate3.3%3.7%
Avg Commute Time16.5 min26 min
White (non-Hispanic)95.4%59.3%
Black or African American0.0%13.6%
Hispanic or Latino4.6%18.9%
Asian0.0%6.3%
Under 1814.6%22.2%
65 and over25.4%16.8%

Nearby Cities

Clarinda, IA 7 mi Gravity, IA 8 mi Shambaugh, IA 9 mi Hepburn, IA 10 mi Bedford, IA 10 mi

ZIP Codes in New Market

New Market, IA is covered by 1 ZIP code:

51646

New Market vs Other Cities

New Market, IA vs Clarinda, IA New Market, IA vs Gravity, IA New Market, IA vs Shambaugh, IA New Market, IA vs Hepburn, IA New Market, IA vs Bedford, IA

Frequently Asked Questions

New Market's cost of living index is 83, where 100 is the national average. That makes New Market roughly 17% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $75,000 and median rent is $495/month.
Crime data for New Market is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
New Market, IA has a population of 370, a median household income of $53,333, and an unemployment rate of 3.3%. 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 32.7°F in January and 85.8°F in July. Annual rainfall is 35.1 inches with about 22.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
New Market, IA is covered by 1 ZIP code: 51646.
The population of New Market, Iowa is 370 with a median age of 51.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in New Market: cost of living index 83 (100 = US average), median home $75,000, median household income $53,333. 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.