Newtown is a very small borough located in the state of Pennsylvania. With a population of 2,229 people and seven constituent neighborhoods, Newtown is the 563rd largest community in Pennsylvania. Much of the housing stock in Newtown was built prior to World War II, making it one of the older and more historic boroughs in the country.
Newtown home prices are not only among the most expensive in Pennsylvania, but Newtown real estate also consistently ranks among the most expensive in America.
Newtown is a decidedly white-collar borough, with fully 90.59% of the workforce employed in white-collar jobs, well above the national average. Overall, Newtown is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Newtown who work in management occupations (16.22%), sales jobs (14.54%), and teaching (10.59%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.04% 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.
In addition, Newtown 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.
Newtown is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Newtown’s overall crime rate is lower than average for the country.
Even though Newtown is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, Newtown is a pretty powerful place. 64.71% of the adults in Newtown 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 Newtown in 2010 was $60,358, which is wealthy relative to Pennsylvania and the nation. This equates to an annual income of $241,432 for a family of four.
The people who call Newtown home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Newtown residents report their race to be White, followed by Black or African-American. Important ancestries of people in Newtown include German, Italian, English, and Polish.
The most common language spoken in Newtown is English. Other important languages spoken here include Italian and Spanish.