New Minden, IL
Population 227 · Illinois
About New Minden, IL
New Minden is a small community located in Illinois with a population of 227 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,750 per year, which is 11% above the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in New Minden features a median home value of $107,100, which is 56% below the national median of $244,900. This makes New Minden one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $775, 33% below the national average of $1,163/month. Of the 98 total housing units, 92% are owner-occupied (84 units) and 8% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Minden shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Minden have an average one-way commute time of 24 minutes.
Education & Demographics
14.3% of New Minden residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.1% of the population being foreign-born.
Cost of Living in New Minden, IL
Compared to national averages, New Minden has a median household income of $83,750 (11% above the national median of $75,149). Home values average $107,100, which is 56% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Illinois, New Minden's income is 12% above the state average of $75,072, and home values are 35% below the state median of $165,779.
Why Live in New Minden, IL?
New Minden offers a strong local economy with a median household income of $83,750, well above the national average, and affordable housing with a median home value of $107,100, below the US average of $244,900, and rent that’s lower than the national average at $775/month. Additionally, the city features a strong job market with an unemployment rate of just 3.0%, and a low poverty rate of 9.0%, better than the national average, and short commute times averaging just 24 minutes.
New Minden has a population of 227 with a median age of 35.1 years. Compare New Minden with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Minden
What is the population of New Minden, IL?
The population of New Minden, IL is 227 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in New Minden?
The median household income in New Minden, IL is $83,750 per year, which is 11% above the national median of $75,149.
What is the median home value in New Minden?
The median home value in New Minden, IL is $107,100, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Minden?
The median monthly rent in New Minden, IL is $775, which is 33% below the national average of $1,163/month.
What is the unemployment rate in New Minden?
The unemployment rate in New Minden, IL is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Minden, IL a good place to live?
New Minden offers above-average incomes, affordable housing, and a strong job market. With a population of 227 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is New Minden, IL?
14.3% of residents in New Minden aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Minden?
Key cost-of-living indicators for New Minden, IL: median home value is $107,100 (56% below national), median rent is $775/month, and median household income is $83,750. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Minden?
The poverty rate in New Minden, IL is 9.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Minden, IL?
New Minden's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.1% of residents are foreign-born.