Living in New Goshen, Indiana
Cost of living, income, home prices, rent and demographics of New Goshen · Census data 2020–2024
New Goshen has 526 residents with a median age of 24.5. The median household income is $68,214 (5% lower than the Indiana median), the median home value is $95,000.
New Goshen is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Goshen at a glance
- Population
- 526
- Median age
- 24.5State: 38.1
- Median household income
- $68,214State: $71,957
- Median home value
- $95,000State: $218,200
- Homeowners
- 82.7%
- Bachelor's degree or higher
- 19.1%
- Average commute
- 28 min
Is New Goshen a good place to live?
Pros: Home values 56% lower than the state median; a poverty rate of 5.9%.
Cons: Median household income 5% lower than the Indiana median; an average commute of 28 minutes; unemployment of 8.5%.
The weather is best in April–May and September–October.
Cost of living in New Goshen
Housing is the biggest part of the cost of living. In New Goshen the median home value is $95,000, 71% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
New Goshen median household income
The median household income in New Goshen is $68,214 and the income per person is $24,654. 5.9% of residents live below the poverty line (Indiana: 12.3%).
Housing in New Goshen: homes for sale and rent
- Housing units
- 162
- Owner-occupied
- 82.7%
- Renter-occupied
- 17.3%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1941
- Average household size
- 3.25
New Goshen demographics
- Population
- 526
- Median age
- 24.5
- Under 18
- 23.6%
- 65 and older
- 7%
- Households
- 162
- Foreign-born
- 0%
- Veterans
- 13.4%Adults 18+
Hispanic or Latino can be of any race. Population history of New Goshen ›
Education in New Goshen
19.1% of adults 25 and older in New Goshen have a bachelor's degree or higher (Indiana: 29.5%), and 16.7% have a graduate or professional degree.
Jobs and commute in New Goshen
- Unemployment rate
- 8.5%State: 4.3%
- Average commute
- 28 minState: 24 min
- Work from home
- 0%
- Drive alone
- 83.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.7%
New Goshen vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Goshen | 526 | $68,214 | $95,000 | — |
| Tecumseh | 638 | $91,750 | $251,000 | — |
| Universal | 173 | $53,750 | $64,300 | $567 |
| Libertyville | 141 | $81,375 | $82,500 | — |
| St. Mary of the Woods | 959 | $28,114 | — | $490 |
| North Terre Haute | 4,534 | $54,640 | $152,900 | $695 |
| Clinton | 4,794 | $42,922 | $101,600 | $722 |
| Lyford | 438 | $48,548 | — | — |
| Vermilion | 219 | $47,917 | $75,700 | $1,050 |
More for people moving to New Goshen
New Goshen ZIP code ›Weather and climate ›Living in New Goshen: FAQ
What is the median household income in New Goshen, IN?
The median household income in New Goshen is $68,214, 5% 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 Goshen?
The median home value in New Goshen is $95,000, compared with $218,200 in Indiana.
Is New Goshen, IN a good place to live?
Pluses: home values 56% lower than the state median; a poverty rate of 5.9%. Minuses: median household income 5% lower than the Indiana median; an average commute of 28 minutes; unemployment of 8.5%.
What is the median age in New Goshen?
The median age in New Goshen is 24.5 years (Indiana: 38.1).
How long is the commute in New Goshen?
The average commute to work in New Goshen is 28 minutes; 0% of workers work from home.
What is the unemployment rate in New Goshen?
The unemployment rate in New Goshen is 8.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Goshen?
19.1% of adults in New Goshen 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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