New Chicago, IN
Population 2,348 · Indiana
About New Chicago, IN
New Chicago is a small community in Indiana with a population of 2,348 residents. The median household income is $54,700 per year, which is near the national average. The median age in New Chicago is 30.4 years.
Housing in New Chicago has a median home value of $118,900 and median monthly rent of $1,090. Of the 980 total housing units, the majority are owner-occupied, with 578 owner-occupied and 270 renter-occupied units.
The unemployment rate in New Chicago is 7.9% and the poverty rate is 15.9%. 17.0% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
Cost of Living in New Chicago, IN
Compared to national averages, New Chicago has a median household income of $54,700 (27% below the national median of $75,149). Home values average $118,900, which is 51% below the national median. Monthly rent at $1,090 is 6% below the US average of $1,163. Within Indiana, New Chicago's income is 21% below the state average of $69,330, and home values are 27% below the state median of $163,409.
Why Live in New Chicago, IN?
New Chicago offers affordable housing with a median home value of $118,900, below the US average of $244,900, and rent that’s lower than the national average at $1,090/month, and short commute times averaging just 24 minutes.
Potential considerations include median household income ($54,700) that falls below the national average. However, New Chicago’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Chicago has a population of 2,348 with a median age of 30.4 years. Compare New Chicago with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Chicago
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ferdinand | 2,346 | $74,943 | $172,700 | Compare |
| Spencer | 2,308 | $47,994 | $146,300 | Compare |
| Brooklyn | 2,410 | $60,742 | $117,800 | Compare |
| Fowler | 2,286 | $51,654 | $110,300 | Compare |
| Jasonville | 2,269 | $36,607 | $66,400 | Compare |
| Kouts | 2,261 | $75,854 | $223,700 | Compare |
| Shadeland | 2,257 | $88,125 | $261,300 | Compare |
| Bloomfield | 2,440 | $51,144 | $108,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Chicago With Other Cities
Frequently Asked Questions about New Chicago
What is the population of New Chicago, IN?
The population of New Chicago, IN is 2,348 according to the latest Census data.
What is the median household income in New Chicago?
The median household income in New Chicago, IN is $54,700 per year.
What is the median home value in New Chicago?
The median home value in New Chicago, IN is $118,900.
What is the average rent in New Chicago?
The median monthly rent in New Chicago, IN is $1,090.
What is the unemployment rate in New Chicago?
The unemployment rate in New Chicago, IN is 7.9%.