Living in New Palestine, Indiana
Cost of living, income, home prices, rent and demographics of New Palestine · Census data 2020–2024
New Palestine has 3,227 residents with a median age of 40.4. The median household income is $96,923 (35% higher than the Indiana median), the median home value is $357,500, the median rent is $1,129/month.
New Palestine at a glance
- Population
- 3,227
- Median age
- 40.4State: 38.1
- Median household income
- $96,923State: $71,957
- Median home value
- $357,500State: $218,200
- Median rent
- $1,129/moState: $1,062
- Homeowners
- 80.3%
- Bachelor's degree or higher
- 41.9%
- Average commute
- 35 min
Is New Palestine a good place to live?
Pros: Median household income 35% higher than the Indiana median; unemployment of 4.1%; a poverty rate of 5.7%.
Cons: Home values 64% higher than the state median; an average commute of 35 minutes.
The weather is best in May–June and August–September.
Cost of living in New Palestine
Housing is the biggest part of the cost of living. In New Palestine the median home value is $357,500, 7% higher than the U.S. median. Renters pay a median of $1,129 per month, which is 23.6% of household income. Homeowners with a mortgage pay $1,872 a month in housing costs.
New Palestine median household income
The median household income in New Palestine is $96,923 and the income per person is $54,080. 5.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in New Palestine: homes for sale and rent
- Housing units
- 1,326
- Owner-occupied
- 80.3%
- Renter-occupied
- 19.7%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 2002
- Average household size
- 2.51
New Palestine demographics
- Population
- 3,227
- Median age
- 40.4
- Under 18
- 23.8%
- 65 and older
- 13.9%
- Households
- 1,272
- Foreign-born
- 3%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of New Palestine ›
Education in New Palestine
41.9% of adults 25 and older in New Palestine have a bachelor's degree or higher (Indiana: 29.5%), and 9.9% have a graduate or professional degree.
Jobs and commute in New Palestine
- Unemployment rate
- 4.1%State: 4.3%
- Average commute
- 35 minState: 24 min
- Work from home
- 13.7%
- Drive alone
- 82.6%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 93%
New Palestine vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Palestine | 3,227 | $96,923 | $357,500 | $1,129 |
| Spring Lake | 224 | $50,938 | $169,400 | — |
| Carrollton | 267 | $125,882 | $360,400 | — |
| Philadelphia | 431 | $24,873 | $214,500 | — |
| Cumberland | 6,267 | $87,364 | $239,200 | $1,157 |
| Pleasant View | 611 | $196,063 | $372,500 | — |
| Greenfield | 24,940 | $76,127 | $216,400 | $1,177 |
| Morristown | 1,134 | $53,250 | $162,000 | $902 |
| Warren Park | 1,599 | $42,906 | $185,800 | $952 |
More for people moving to New Palestine
New Palestine ZIP code ›Weather and climate ›Living in New Palestine: FAQ
What is the median household income in New Palestine, IN?
The median household income in New Palestine is $96,923, 35% higher 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 Palestine?
The median home value in New Palestine is $357,500, compared with $218,200 in Indiana.
How much is rent in New Palestine?
The median gross rent in New Palestine is $1,129 per month, about 23.6% of household income.
Is New Palestine, IN a good place to live?
Pluses: median household income 35% higher than the Indiana median; unemployment of 4.1%; a poverty rate of 5.7%. Minuses: home values 64% higher than the state median; an average commute of 35 minutes.
What is the median age in New Palestine?
The median age in New Palestine is 40.4 years (Indiana: 38.1).
How long is the commute in New Palestine?
The average commute to work in New Palestine is 35 minutes; 13.7% of workers work from home.
What is the unemployment rate in New Palestine?
The unemployment rate in New Palestine is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Palestine?
41.9% of adults in New Palestine 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.
Last updated: