Newman, IL
Population 796 · Illinois
About Newman, IL
Newman is a small community located in Illinois with a population of 796 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,526 per year, which is 2% below the national median of $75,149. The median age of 56.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Newman features a median home value of $106,700, which is 56% below the national median of $244,900. This makes Newman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $768, 34% below the national average of $1,163/month. Of the 455 total housing units, 91% are owner-occupied (329 units) and 9% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newman shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newman have an average one-way commute time of 31.4 minutes.
Education & Demographics
20.4% of Newman 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 2.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Newman, IL
Compared to national averages, Newman has a median household income of $73,526 (2% below the national median of $75,149). Home values average $106,700, which is 56% below the national median. Monthly rent at $768 is 34% below the US average of $1,163. Within Illinois, Newman's income is 2% below the state average of $75,072, and home values are 36% below the state median of $165,779.
Why Live in Newman, IL?
Newman offers affordable housing with a median home value of $106,700, below the US average of $244,900, and rent that’s lower than the national average at $768/month, and a strong job market with an unemployment rate of just 2.2%. Additionally, the city features a low poverty rate of 7.8%, better than the national average.
Potential considerations include median household income ($73,526) that falls below the national average. However, Newman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newman has a population of 796 with a median age of 56.5 years. Compare Newman with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Newman
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Apple Canyon Lake | 795 | $103,375 | $319,100 | Compare |
| Pearl City | 798 | $63,500 | $121,300 | Compare |
| Pocahontas | 794 | $48,250 | $91,200 | Compare |
| Wamac | 794 | $40,000 | $21,900 | Compare |
| Hardin | 792 | $85,417 | $90,500 | Compare |
| Alpha | 801 | $75,139 | $115,700 | Compare |
| Livingston | 791 | $57,750 | $101,800 | Compare |
| Hennepin | 790 | $78,594 | $166,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Newman With Other Cities
Frequently Asked Questions about Newman
What is the population of Newman, IL?
The population of Newman, IL is 796 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 Newman?
The median household income in Newman, IL is $73,526 per year, which is 2% below the national median of $75,149.
What is the median home value in Newman?
The median home value in Newman, IL is $106,700, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newman?
The median monthly rent in Newman, IL is $768, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Newman?
The unemployment rate in Newman, IL is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Newman, IL a good place to live?
Newman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 796 and a median age of 56.5, the city appeals to established professionals and retirees.
How educated is Newman, IL?
20.4% of residents in Newman 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 Newman?
Key cost-of-living indicators for Newman, IL: median home value is $106,700 (56% below national), median rent is $768/month, and median household income is $73,526. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newman?
The poverty rate in Newman, IL is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Newman, IL?
Newman's population is 2.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.3% two or more races. 2.0% of residents are foreign-born.