New Market is a very small town located in the state of Maryland. With a population of 1,641 people and four associated neighborhoods, New Market is the 212th 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 $190,750.00.

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.

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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 19.95% 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 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 34.07 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 67.97% 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 2022 was $65,068, which is wealthy relative to Maryland and the nation. This equates to an annual income of $260,272 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. Important ancestries of people in New Market include Irish, German, Italian, English, and Norwegian.

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