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. 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 $112,222.00.
New Market home prices are not only among the most expensive in Maryland, but New Market real estate also consistently ranks among the most expensive in America.
New Market is a decidedly white-collar town, with fully 87.85% 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 (19.23%), office and administrative support (10.93%), and sales jobs (10.93%).
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.
Of important note, New Market is also a town of artists. New Market has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Market’s character.
In addition, New Market is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, New Market is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Market really has some of the features that families look for when choosing a good community to raise children. Is New Market perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
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 37.39 minutes, which is quite a bit higher than the national average.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in New Market. 50.52% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in New Market in 2010 was $36,940, which is middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $147,760 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 Asian. Important ancestries of people in New Market include Irish, Polish, English, and Italian.
The most common language spoken in New Market is English. Other important languages spoken here include Spanish and Korean.