Living in New Pekin, Indiana
Cost of living, income, home prices, rent and demographics of New Pekin · Census data 2020–2024
New Pekin has 1,372 residents with a median age of 37.8. The median household income is $50,625 (30% lower than the Indiana median), the median home value is $135,800, the median rent is $836/month.
New Pekin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Pekin at a glance
- Population
- 1,372
- Median age
- 37.8State: 38.1
- Median household income
- $50,625State: $71,957
- Median home value
- $135,800State: $218,200
- Median rent
- $836/moState: $1,062
- Homeowners
- 62.2%
- Bachelor's degree or higher
- 11.7%
- Average commute
- 31 min
Is New Pekin a good place to live?
Pros: Home values 38% lower than the state median; unemployment of 1.7%.
Cons: Median household income 30% lower than the Indiana median; an average commute of 31 minutes; a poverty rate of 19.5%.
The weather is best in May and August to October.
Cost of living in New Pekin
Housing is the biggest part of the cost of living. In New Pekin the median home value is $135,800, 59% lower than the U.S. median. Renters pay a median of $836 per month, which is 31.3% of household income. Homeowners with a mortgage pay $1,066 a month in housing costs.
New Pekin median household income
The median household income in New Pekin is $50,625 and the income per person is $25,926. 19.5% of residents live below the poverty line (Indiana: 12.3%).
Housing in New Pekin: homes for sale and rent
- Housing units
- 703
- Owner-occupied
- 62.2%
- Renter-occupied
- 37.8%
- Vacant
- 16.9%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.35
New Pekin demographics
- Population
- 1,372
- Median age
- 37.8
- Under 18
- 29.2%
- 65 and older
- 15.5%
- Households
- 584
- Foreign-born
- 2%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of New Pekin ›
Education in New Pekin
11.7% of adults 25 and older in New Pekin have a bachelor's degree or higher (Indiana: 29.5%), and 3.1% have a graduate or professional degree.
Jobs and commute in New Pekin
- Unemployment rate
- 1.7%State: 4.3%
- Average commute
- 31 minState: 24 min
- Work from home
- 5.2%
- Drive alone
- 76.6%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 77.9%
New Pekin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Pekin | 1,372 | $50,625 | $135,800 | $836 |
| Borden | 987 | $72,708 | $174,500 | $1,042 |
| Palmyra | 1,215 | $60,862 | $163,800 | $772 |
| Salem | 6,489 | $56,538 | $144,700 | $690 |
| Canton | 148 | $100,179 | $126,300 | — |
| Greenville | 1,575 | $134,934 | $318,900 | $1,176 |
| Galena | 1,549 | $127,738 | $281,200 | — |
| Memphis | 784 | $137,560 | $235,900 | — |
| Floyds Knobs | 4,515 | $126,341 | $372,500 | $1,169 |
More for people moving to New Pekin
New Pekin ZIP code ›Weather and climate ›Living in New Pekin: FAQ
What is the median household income in New Pekin, IN?
The median household income in New Pekin is $50,625, 30% 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 Pekin?
The median home value in New Pekin is $135,800, compared with $218,200 in Indiana.
How much is rent in New Pekin?
The median gross rent in New Pekin is $836 per month, about 31.3% of household income.
Is New Pekin, IN a good place to live?
Pluses: home values 38% lower than the state median; unemployment of 1.7%. Minuses: median household income 30% lower than the Indiana median; an average commute of 31 minutes; a poverty rate of 19.5%.
What is the median age in New Pekin?
The median age in New Pekin is 37.8 years (Indiana: 38.1).
How long is the commute in New Pekin?
The average commute to work in New Pekin is 31 minutes; 5.2% of workers work from home.
What is the unemployment rate in New Pekin?
The unemployment rate in New Pekin is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Pekin?
11.7% of adults in New Pekin 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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