Living in New River, Virginia
Cost of living, income, home prices, rent and demographics of New River · Census data 2020–2024
New River has 268 residents with a median age of 60.5. The median household income is $41,628 (55% lower than the Virginia median), the median home value is $133,600.
New River is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New River at a glance
- Population
- 268
- Median age
- 60.5State: 39
- Median household income
- $41,628State: $93,170
- Median home value
- $133,600State: $383,700
- Homeowners
- 76.5%
- Bachelor's degree or higher
- 48.9%
- Average commute
- 14 min
Is New River a good place to live?
Pros: Home values 65% lower than the state median; an average commute of 14 minutes; a poverty rate of 2.6%.
Cons: Median household income 55% lower than the Virginia median.
The weather is best in May–June and August–September.
Cost of living in New River
Housing is the biggest part of the cost of living. In New River the median home value is $133,600, 60% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
New River median household income
The median household income in New River is $41,628 and the income per person is $34,646. 2.6% of residents live below the poverty line (Virginia: 9.9%).
Housing in New River: homes for sale and rent
- Housing units
- 166
- Owner-occupied
- 76.5%
- Renter-occupied
- 23.5%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 1.61
New River demographics
- Population
- 268
- Median age
- 60.5
- Under 18
- 0%
- 65 and older
- 41.4%
- Households
- 166
- Foreign-born
- 6.3%
- Veterans
- 9.7%Adults 18+
Hispanic or Latino can be of any race. Population history of New River ›
Education in New River
48.9% of adults 25 and older in New River have a bachelor's degree or higher (Virginia: 42.2%), and 0% have a graduate or professional degree.
Jobs and commute in New River
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 14 minState: 27 min
- Work from home
- 2.7%
- Drive alone
- 97.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 88%
New River vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New River | 268 | $41,628 | $133,600 | — |
| Radford | 16,726 | $57,348 | $220,700 | $1,033 |
| Fairlawn | 2,488 | $66,918 | $243,500 | $1,621 |
| Belspring | 152 | $61,053 | $319,700 | — |
| Belview | 990 | $55,288 | — | $1,289 |
| Plum Creek | 1,068 | $41,603 | — | $1,169 |
| Dublin | 2,671 | $62,426 | $180,500 | $756 |
| Prices Fork | 900 | $69,063 | $300,000 | $1,084 |
| Riner | 1,038 | $105,759 | $388,000 | — |
More for people moving to New River
New River ZIP code ›Weather and climate ›Living in New River: FAQ
What is the median household income in New River, VA?
The median household income in New River is $41,628, 55% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New River?
The median home value in New River is $133,600, compared with $383,700 in Virginia.
Is New River, VA a good place to live?
Pluses: home values 65% lower than the state median; an average commute of 14 minutes; a poverty rate of 2.6%. Minuses: median household income 55% lower than the Virginia median.
What is the median age in New River?
The median age in New River is 60.5 years (Virginia: 39).
How long is the commute in New River?
The average commute to work in New River is 14 minutes; 2.7% of workers work from home.
What is the unemployment rate in New River?
The unemployment rate in New River is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New River?
48.9% of adults in New River 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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