New Market, MD

New Market profile

Living in New Market

New Market is a very small town located in the state of Maryland. With a population of 1,525 people and four constituent neighborhoods, New Market is the 212th largest community in Maryland. There's nothing like the smell of a brand new house, and in New Market, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to New Market, and putting down their money on brand new construction. New Market’s real estate is, on average, some of the newest in the nation. New Market does seem to be experiencing an influx of affluent people, because the median household income is $153,472.00.

Housing costs in New Market are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Maryland.

New Market is a decidedly white-collar town, with fully 92.42% of the workforce employed in white-collar jobs, well above the national average. Overall, New Market is a town of managers, professionals, and service providers. There are especially a lot of people living in New Market who work in management occupations (21.09%), teaching (14.39%), and food service (10.86%).

One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.58% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, New Market is a great place for families with children to consider. First of all, many other families with children live here, making New Market a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, New Market has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, New Market’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

One downside of living in New Market is that it can take a long time to commute to work. In New Market, the average commute to work is 35.94 minutes, which is quite a bit higher than the national average.

Do you like to read, write and learn? If you move to New Market, you'll likely find that many of your neighbors like to as well. New Market is one of the more educated communities in America, with a full 69.73% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in New Market in 2018 was $45,226, which is upper middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $180,904 for a family of four.

New Market is a somewhat ethnically-diverse town. The people who call New Market home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Market residents report their race to be White, followed by Black or African-American. New Market also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.57% of the town’s residents. Important ancestries of people in New Market include Italian, German, Irish, French, and Norwegian.

The most common language spoken in New Market is English. Other important languages spoken here include Spanish and Polish.