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The total population of New Market is estimated to be 1,534 with 745 males (48.57%) and 789 females (51.43%). There are 44 more females than males in New Market.
The median household income in New Market was $190,221 in 2021, which marked an an increase of 16,316(9.38%) from $173,905 in 2020. This income is 254.97% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Market sees its highest median household income among householders in the age group of 25 to 44 years old, at $203,829. Overall, the median household income for the town of New Market stands at $190,221.
In New Market, the median income for all workers aged 15 years and older, regardless of work hours, was $111,094 for males and $71,863 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $133,005 for males and $92,195 for females.
In New Market, there are just two different racial groups among households. Among these, White households report a median household income of $191,041, while Two or More Races households have a median household income of $149,639.
In 2022, the population of New Market was 1,614, a 2.15% increase year-by-year from 2021. Previously, in 2021, New Market's population was 1,580, an increase of 3.20% compared to a population of 1,531 in 2020.
The median age in New Market, MD is 35.7, as per 2021 ACS 5-Year Estimates. Of the total population, 28.72% were under the age of 15, 14.08% aged 15 to 29, 51.19% aged 30 to 64, 5.01% aged 65 to 84, and 1.00% were 85 years of age and older.
Racial distribution of New Market population: 89.74% are White, 3% are Black or African American, 1.25% are Asian, 0.81% are some other race and 5.19% are multiracial.