Living in New Chicago, Indiana
Cost of living, income, home prices, rent and demographics of New Chicago · Census data 2020–2024
New Chicago has 2,225 residents with a median age of 32.4. The median household income is $57,313 (20% lower than the Indiana median), the median home value is $134,100, the median rent is $1,141/month.
New Chicago at a glance
- Population
- 2,225
- Median age
- 32.4State: 38.1
- Median household income
- $57,313State: $71,957
- Median home value
- $134,100State: $218,200
- Median rent
- $1,141/moState: $1,062
- Homeowners
- 68.2%
- Bachelor's degree or higher
- 13.4%
- Average commute
- 23 min
Is New Chicago a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 20% lower than the Indiana median; unemployment of 4.8%; a poverty rate of 16.7%.
The weather is best in June to September.
Cost of living in New Chicago
Housing is the biggest part of the cost of living. In New Chicago the median home value is $134,100, 60% lower than the U.S. median. Renters pay a median of $1,141 per month, which is 30.5% of household income. Homeowners with a mortgage pay $1,231 a month in housing costs.
New Chicago median household income
The median household income in New Chicago is $57,313 and the income per person is $27,883. 16.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in New Chicago: homes for sale and rent
- Housing units
- 990
- Owner-occupied
- 68.2%
- Renter-occupied
- 31.8%
- Vacant
- 12.4%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.57
New Chicago demographics
- Population
- 2,225
- Median age
- 32.4
- Under 18
- 27.1%
- 65 and older
- 9.3%
- Households
- 867
- Foreign-born
- 12.5%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of New Chicago ›
Education in New Chicago
13.4% of adults 25 and older in New Chicago have a bachelor's degree or higher (Indiana: 29.5%), and 3.8% have a graduate or professional degree.
Jobs and commute in New Chicago
- Unemployment rate
- 4.8%State: 4.3%
- Average commute
- 23 minState: 24 min
- Work from home
- 5.4%
- Drive alone
- 78.4%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 85.9%
New Chicago vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Chicago | 2,225 | $57,313 | $134,100 | $1,141 |
| Lake Station | 13,185 | $59,591 | $137,400 | $1,124 |
| Hobart | 29,558 | $75,160 | $215,200 | $1,206 |
| Gary | 68,113 | $38,731 | $94,700 | $1,012 |
| Portage | 38,082 | $76,276 | $224,200 | $1,231 |
| Ross | 6,751 | $54,563 | $119,100 | $1,101 |
| Ogden Dunes | 1,140 | $117,000 | $492,300 | — |
| Merrillville | 36,476 | $67,587 | $211,400 | $1,282 |
| South Haven | 7,241 | $76,003 | $178,200 | $1,297 |
More for people moving to New Chicago
New Chicago ZIP code ›Weather and climate ›Living in New Chicago: FAQ
What is the median household income in New Chicago, IN?
The median household income in New Chicago is $57,313, 20% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Chicago?
The median home value in New Chicago is $134,100, compared with $218,200 in Indiana.
How much is rent in New Chicago?
The median gross rent in New Chicago is $1,141 per month, about 30.5% of household income.
Is New Chicago, IN a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 23 minutes. Minuses: median household income 20% lower than the Indiana median; unemployment of 4.8%; a poverty rate of 16.7%.
What is the median age in New Chicago?
The median age in New Chicago is 32.4 years (Indiana: 38.1).
How long is the commute in New Chicago?
The average commute to work in New Chicago is 23 minutes; 5.4% of workers work from home.
What is the unemployment rate in New Chicago?
The unemployment rate in New Chicago is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Chicago?
13.4% of adults in New Chicago 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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