Living in Newaygo, Michigan
Cost of living, income, home prices, rent and demographics of Newaygo · Census data 2020–2024
Newaygo has 2,512 residents with a median age of 31. The median household income is $40,689 (44% lower than the Michigan median), the median home value is $115,200, the median rent is $1,040/month.
Newaygo at a glance
- Population
- 2,512
- Median age
- 31State: 40.2
- Median household income
- $40,689State: $72,875
- Median home value
- $115,200State: $231,600
- Median rent
- $1,040/moState: $1,129
- Homeowners
- 58.3%
- Bachelor's degree or higher
- 10.5%
- Average commute
- 28 min
Is Newaygo a good place to live?
Pros: Home values 50% lower than the state median; unemployment of 5.5%.
Cons: Median household income 44% lower than the Michigan median; an average commute of 28 minutes; a poverty rate of 19.9%.
The weather is best in June to September.
Cost of living in Newaygo
Housing is the biggest part of the cost of living. In Newaygo the median home value is $115,200, 65% lower than the U.S. median. Renters pay a median of $1,040 per month, which is 32.6% of household income. Homeowners with a mortgage pay $1,138 a month in housing costs.
Newaygo median household income
The median household income in Newaygo is $40,689 and the income per person is $22,777. 19.9% of residents live below the poverty line (Michigan: 13.2%).
Housing in Newaygo: homes for sale and rent
- Housing units
- 1,064
- Owner-occupied
- 58.3%
- Renter-occupied
- 41.7%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.53
Newaygo demographics
- Population
- 2,512
- Median age
- 31
- Under 18
- 31.2%
- 65 and older
- 16.6%
- Households
- 981
- Foreign-born
- 1.4%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Newaygo ›
Education in Newaygo
10.5% of adults 25 and older in Newaygo have a bachelor's degree or higher (Michigan: 32.4%), and 3.3% have a graduate or professional degree.
Jobs and commute in Newaygo
- Unemployment rate
- 5.5%State: 5.7%
- Average commute
- 28 minState: 24 min
- Work from home
- 3.3%
- Drive alone
- 84.1%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 87.9%
Newaygo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newaygo | 2,512 | $40,689 | $115,200 | $1,040 |
| Grant | 1,096 | $58,083 | $157,100 | $1,063 |
| Fremont | 4,568 | $57,452 | $194,700 | $730 |
| White Cloud | 1,280 | $45,192 | $165,900 | $831 |
| Casnovia | 377 | $76,250 | $175,000 | $1,000 |
| Kent City | 1,203 | $76,587 | $167,200 | — |
| Hesperia | 934 | $37,174 | $131,300 | $571 |
| Sand Lake | 484 | $34,286 | $165,600 | $561 |
| Pierson | 119 | $41,875 | $100,000 | $900 |
More for people moving to Newaygo
Newaygo ZIP code ›Weather and climate ›Living in Newaygo: FAQ
What is the median household income in Newaygo, MI?
The median household income in Newaygo is $40,689, 44% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Newaygo?
The median home value in Newaygo is $115,200, compared with $231,600 in Michigan.
How much is rent in Newaygo?
The median gross rent in Newaygo is $1,040 per month, about 32.6% of household income.
Is Newaygo, MI a good place to live?
Pluses: home values 50% lower than the state median; unemployment of 5.5%. Minuses: median household income 44% lower than the Michigan median; an average commute of 28 minutes; a poverty rate of 19.9%.
What is the median age in Newaygo?
The median age in Newaygo is 31 years (Michigan: 40.2).
How long is the commute in Newaygo?
The average commute to work in Newaygo is 28 minutes; 3.3% of workers work from home.
What is the unemployment rate in Newaygo?
The unemployment rate in Newaygo is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newaygo?
10.5% of adults in Newaygo 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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