Living in Newfane, New York
Cost of living, income, home prices, rent and demographics of Newfane · Census data 2020–2024
Newfane has 3,938 residents with a median age of 37.1. The median household income is $77,096 (10% lower than the New York median), the median home value is $151,700, the median rent is $828/month.
Newfane at a glance
- Population
- 3,938
- Median age
- 37.1State: 39.8
- Median household income
- $77,096State: $85,974
- Median home value
- $151,700State: $423,800
- Median rent
- $828/moState: $1,621
- Homeowners
- 79.6%
- Bachelor's degree or higher
- 23.7%
- Average commute
- 24 min
Is Newfane a good place to live?
Pros: Home values 64% lower than the state median; an average commute of 24 minutes; a poverty rate of 13%.
Cons: Median household income 10% lower than the New York median; unemployment of 12.5%.
The weather is best in June to September.
Cost of living in Newfane
Housing is the biggest part of the cost of living. In Newfane the median home value is $151,700, 54% lower than the U.S. median. Renters pay a median of $828 per month, which is 9% of household income. Homeowners with a mortgage pay $1,185 a month in housing costs.
Newfane median household income
The median household income in Newfane is $77,096 and the income per person is $31,885. 13% of residents live below the poverty line (New York: 14%).
Housing in Newfane: homes for sale and rent
- Housing units
- 1,547
- Owner-occupied
- 79.6%
- Renter-occupied
- 20.4%
- Vacant
- 3.9%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.53
Newfane demographics
- Population
- 3,938
- Median age
- 37.1
- Under 18
- 24.1%
- 65 and older
- 20.3%
- Households
- 1,487
- Foreign-born
- 2.9%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Newfane ›
Education in Newfane
23.7% of adults 25 and older in Newfane have a bachelor's degree or higher (New York: 40.2%), and 13.1% have a graduate or professional degree.
Jobs and commute in Newfane
- Unemployment rate
- 12.5%State: 6.4%
- Average commute
- 24 minState: 33 min
- Work from home
- 17.2%
- Drive alone
- 70.1%
- Public transit
- 0.8%
- Walk to work
- 1.9%
- Homes with broadband
- 88.3%
Newfane vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newfane | 3,938 | $77,096 | $151,700 | $828 |
| Olcott | 527 | $87,833 | $200,000 | — |
| Wilson | 1,379 | $60,639 | $172,700 | $768 |
| Lockport | 20,610 | $62,410 | $139,900 | $945 |
| Gasport | 1,212 | $74,816 | $166,600 | — |
| South Lockport | 9,144 | $56,166 | $163,600 | $711 |
| Ransomville | 1,564 | $83,400 | $218,200 | $900 |
| Middleport | 1,987 | $67,375 | $115,400 | $770 |
| Rapids | 1,655 | $121,875 | $294,700 | — |
More for people moving to Newfane
Newfane ZIP code ›Weather and climate ›Living in Newfane: FAQ
What is the median household income in Newfane, NY?
The median household income in Newfane is $77,096, 10% lower than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Newfane?
The median home value in Newfane is $151,700, compared with $423,800 in New York.
How much is rent in Newfane?
The median gross rent in Newfane is $828 per month, about 9% of household income.
Is Newfane, NY a good place to live?
Pluses: home values 64% lower than the state median; an average commute of 24 minutes; a poverty rate of 13%. Minuses: median household income 10% lower than the New York median; unemployment of 12.5%.
What is the median age in Newfane?
The median age in Newfane is 37.1 years (New York: 39.8).
How long is the commute in Newfane?
The average commute to work in Newfane is 24 minutes; 17.2% of workers work from home.
What is the unemployment rate in Newfane?
The unemployment rate in Newfane is 12.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newfane?
23.7% of adults in Newfane 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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