Living in New Waterford, Ohio
Cost of living, income, home prices, rent and demographics of New Waterford · Census data 2020–2024
New Waterford has 950 residents with a median age of 43.1. The median household income is $46,875 (34% lower than the Ohio median), the median home value is $154,200, the median rent is $589/month.
New Waterford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Waterford at a glance
- Population
- 950
- Median age
- 43.1State: 39.7
- Median household income
- $46,875State: $71,389
- Median home value
- $154,200State: $214,800
- Median rent
- $589/moState: $1,034
- Homeowners
- 73.2%
- Bachelor's degree or higher
- 17.9%
- Average commute
- 26 min
Is New Waterford a good place to live?
Pros: Home values 28% lower than the state median; unemployment of 2.6%.
Cons: Median household income 34% lower than the Ohio median; an average commute of 26 minutes; a poverty rate of 21.8%.
The weather is best in June to September.
Cost of living in New Waterford
Housing is the biggest part of the cost of living. In New Waterford the median home value is $154,200, 54% lower than the U.S. median. Renters pay a median of $589 per month, which is 29.7% of household income. Homeowners with a mortgage pay $1,271 a month in housing costs.
New Waterford median household income
The median household income in New Waterford is $46,875 and the income per person is $30,984. 21.8% of residents live below the poverty line (Ohio: 13.3%).
Housing in New Waterford: homes for sale and rent
- Housing units
- 425
- Owner-occupied
- 73.2%
- Renter-occupied
- 26.8%
- Vacant
- 4.5%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.34
New Waterford demographics
- Population
- 950
- Median age
- 43.1
- Under 18
- 21.6%
- 65 and older
- 20.8%
- Households
- 406
- Foreign-born
- 0.3%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of New Waterford ›
Education in New Waterford
17.9% of adults 25 and older in New Waterford have a bachelor's degree or higher (Ohio: 31.5%), and 2.2% have a graduate or professional degree.
Jobs and commute in New Waterford
- Unemployment rate
- 2.6%State: 4.8%
- Average commute
- 26 minState: 23 min
- Work from home
- 3.8%
- Drive alone
- 88.5%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 86.9%
New Waterford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Waterford | 950 | $46,875 | $154,200 | $589 |
| Columbiana | 6,903 | $54,688 | $191,700 | $702 |
| East Palestine | 4,696 | $49,777 | $113,700 | $851 |
| Rogers | 164 | $35,000 | $100,000 | $665 |
| New Springfield | 830 | $36,458 | $114,100 | $784 |
| Lake Tomahawk | 864 | $162,847 | $267,600 | — |
| Petersburg | 302 | $83,300 | — | — |
| North Lima | 1,208 | $102,759 | $347,100 | — |
| Leetonia | 1,862 | $62,143 | $109,800 | $867 |
More for people moving to New Waterford
New Waterford ZIP code ›Weather and climate ›Living in New Waterford: FAQ
What is the median household income in New Waterford, OH?
The median household income in New Waterford is $46,875, 34% 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 Waterford?
The median home value in New Waterford is $154,200, compared with $214,800 in Ohio.
How much is rent in New Waterford?
The median gross rent in New Waterford is $589 per month, about 29.7% of household income.
Is New Waterford, OH a good place to live?
Pluses: home values 28% lower than the state median; unemployment of 2.6%. Minuses: median household income 34% lower than the Ohio median; an average commute of 26 minutes; a poverty rate of 21.8%.
What is the median age in New Waterford?
The median age in New Waterford is 43.1 years (Ohio: 39.7).
How long is the commute in New Waterford?
The average commute to work in New Waterford is 26 minutes; 3.8% of workers work from home.
What is the unemployment rate in New Waterford?
The unemployment rate in New Waterford is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Waterford?
17.9% of adults in New Waterford 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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