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. New Market has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in New Market, where the median household income is $198,080.00. 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 91.83% of the workforce employed in white-collar jobs, well above the national average. Overall, New Market is a town of professionals, managers, and service providers. There are especially a lot of people living in New Market who work in teaching (16.71%), management occupations (15.12%), and food service (10.85%). 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. A relatively large number of people in New Market telecommute to their jobs. Overall, about 20.15% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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. New Market 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 town’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, New Market’s overall crime rate is lower than average for the country. 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 32.39 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. 68.99% 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 2022 was $63,599, which is wealthy relative to Maryland and the nation. This equates to an annual income of $254,396 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.
