Living in New Madison, Ohio
Cost of living, income, home prices, rent and demographics of New Madison · Census data 2020–2024
New Madison has 783 residents with a median age of 51.1. The median household income is $62,500 (12% lower than the Ohio median), the median home value is $109,900, the median rent is $888/month.
New Madison is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Madison at a glance
- Population
- 783
- Median age
- 51.1State: 39.7
- Median household income
- $62,500State: $71,389
- Median home value
- $109,900State: $214,800
- Median rent
- $888/moState: $1,034
- Homeowners
- 75.4%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 26 min
Is New Madison a good place to live?
Pros: Home values 49% lower than the state median; unemployment of 3.1%.
Cons: Median household income 12% lower than the Ohio median; an average commute of 26 minutes; a poverty rate of 19.8%.
The weather is best in June to September.
Cost of living in New Madison
Housing is the biggest part of the cost of living. In New Madison the median home value is $109,900, 67% lower than the U.S. median. Renters pay a median of $888 per month, which is 29.2% of household income. Homeowners with a mortgage pay $919 a month in housing costs.
New Madison median household income
The median household income in New Madison is $62,500 and the income per person is $30,894. 19.8% of residents live below the poverty line (Ohio: 13.3%).
Housing in New Madison: homes for sale and rent
- Housing units
- 356
- Owner-occupied
- 75.4%
- Renter-occupied
- 24.6%
- Vacant
- 0.6%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 2.21
New Madison demographics
- Population
- 783
- Median age
- 51.1
- Under 18
- 18.8%
- 65 and older
- 25.2%
- Households
- 354
- Foreign-born
- 0%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of New Madison ›
Education in New Madison
15.7% of adults 25 and older in New Madison have a bachelor's degree or higher (Ohio: 31.5%), and 6.4% have a graduate or professional degree.
Jobs and commute in New Madison
- Unemployment rate
- 3.1%State: 4.8%
- Average commute
- 26 minState: 23 min
- Work from home
- 6%
- Drive alone
- 87%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 95.5%
New Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Madison | 783 | $62,500 | $109,900 | $888 |
| Wayne Lakes | 711 | $52,500 | $143,600 | $730 |
| Eldorado | 841 | $68,966 | $135,600 | $1,054 |
| Hollansburg | 316 | $58,750 | $69,700 | — |
| Palestine | 173 | $62,500 | $62,000 | $785 |
| West Manchester | 341 | $61,875 | $105,500 | $1,150 |
| Arcanum | 2,912 | $60,481 | $148,700 | $803 |
| New Paris | 1,582 | $38,527 | $86,800 | $733 |
| Greenville | 12,741 | $47,237 | $157,800 | $765 |
More for people moving to New Madison
New Madison ZIP code ›Weather and climate ›Living in New Madison: FAQ
What is the median household income in New Madison, OH?
The median household income in New Madison is $62,500, 12% lower than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Madison?
The median home value in New Madison is $109,900, compared with $214,800 in Ohio.
How much is rent in New Madison?
The median gross rent in New Madison is $888 per month, about 29.2% of household income.
Is New Madison, OH a good place to live?
Pluses: home values 49% lower than the state median; unemployment of 3.1%. Minuses: median household income 12% lower than the Ohio median; an average commute of 26 minutes; a poverty rate of 19.8%.
What is the median age in New Madison?
The median age in New Madison is 51.1 years (Ohio: 39.7).
How long is the commute in New Madison?
The average commute to work in New Madison is 26 minutes; 6% of workers work from home.
What is the unemployment rate in New Madison?
The unemployment rate in New Madison is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Madison?
15.7% of adults in New Madison 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: