New Market, MD
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New Market profile


Living in New Market


New Market is a tiny town located in the state of Maryland. With a population of 697 people and two constituent neighborhoods, New Market is the 241st largest community in Maryland. Much of the housing stock in New Market was built relatively recently. The construction of new real estate can often be taken as an indication that the local New Market economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in New Market, where the median household income is $100,208.00.

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 85.83% of the workforce employed in white-collar jobs, well above the national average. Overall, New Market is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in New Market who work in management occupations (17.91%), office and administrative support (13.90%), and teaching (10.70%).

Also of interest is that New Market has more people living here who work in computers and math than 95% of the places in the US.

In addition, New Market is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.

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 is lower than average for the country.

One downside of living in New Market, however, is that residents on average have to contend with a long commute, spending on average 35.88 minutes every day commuting to work.

If knowledge is power, New Market is a pretty powerful place. 51.49% of the adults in New Market have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in New Market in 2010 was $38,314, which is upper middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $153,256 for a family of four.

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 Asian. Important ancestries of people in New Market include Irish, English, Italian, and French .

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