Living in New Bedford, Illinois
Cost of living, income, home prices, rent and demographics of New Bedford · Census data 2020–2024
New Bedford has 43 residents with a median age of 71.5. The median household income is $42,500 (49% lower than the Illinois median), the median home value is $78,800.
New Bedford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Bedford at a glance
- Population
- 43
- Median age
- 71.5State: 39
- Median household income
- $42,500State: $83,390
- Median home value
- $78,800State: $263,300
- Homeowners
- 96.7%
- Bachelor's degree or higher
- 2.4%
- Average commute
- 35 min
Is New Bedford a good place to live?
Pros: Home values 70% lower than the state median; a poverty rate of 9.3%.
Cons: Median household income 49% lower than the Illinois median; an average commute of 35 minutes; unemployment of 10%.
The weather is best in June to September.
Cost of living in New Bedford
Housing is the biggest part of the cost of living. In New Bedford the median home value is $78,800, 76% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,025 a month in housing costs.
New Bedford median household income
The median household income in New Bedford is $42,500 and the income per person is $36,849. 9.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in New Bedford: homes for sale and rent
- Housing units
- 38
- Owner-occupied
- 96.7%
- Renter-occupied
- 3.3%
- Vacant
- 21.1%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 1.43
New Bedford demographics
- Population
- 43
- Median age
- 71.5
- Under 18
- 0%
- 65 and older
- 58.1%
- Households
- 30
- Foreign-born
- 9.3%
- Veterans
- 14%Adults 18+
Hispanic or Latino can be of any race. Population history of New Bedford ›
Education in New Bedford
2.4% of adults 25 and older in New Bedford have a bachelor's degree or higher (Illinois: 37.8%), and 0% have a graduate or professional degree.
Jobs and commute in New Bedford
- Unemployment rate
- 10%State: 5.8%
- Average commute
- 35 minState: 28 min
- Work from home
- 0%
- Drive alone
- 94.1%
- Public transit
- 0%
- Walk to work
- 5.9%
- Homes with broadband
- 56.7%
New Bedford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Bedford | 43 | $42,500 | $78,800 | — |
| Manlius | 306 | $75,500 | $92,200 | $1,029 |
| Walnut | 1,282 | $61,750 | $102,100 | $617 |
| Tampico | 565 | $56,250 | $86,000 | $1,000 |
| Hooppole | 182 | $44,261 | $75,000 | — |
| Sheffield | 874 | $74,750 | $102,400 | $1,047 |
| Mineral | 194 | $51,111 | $79,300 | $750 |
| Annawan | 865 | $70,729 | $135,100 | $588 |
| Wyanet | 966 | $63,295 | $99,700 | $903 |
More for people moving to New Bedford
New Bedford ZIP code ›Weather and climate ›Living in New Bedford: FAQ
What is the median household income in New Bedford, IL?
The median household income in New Bedford is $42,500, 49% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Bedford?
The median home value in New Bedford is $78,800, compared with $263,300 in Illinois.
Is New Bedford, IL a good place to live?
Pluses: home values 70% lower than the state median; a poverty rate of 9.3%. Minuses: median household income 49% lower than the Illinois median; an average commute of 35 minutes; unemployment of 10%.
What is the median age in New Bedford?
The median age in New Bedford is 71.5 years (Illinois: 39).
How long is the commute in New Bedford?
The average commute to work in New Bedford is 35 minutes; 0% of workers work from home.
What is the unemployment rate in New Bedford?
The unemployment rate in New Bedford is 10% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Bedford?
2.4% of adults in New Bedford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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