New Goshen, IN
Population 649 · Indiana
About New Goshen, IN
New Goshen is a small community located in Indiana with a population of 649 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,528 per year, which is 8% above the national median of $75,149. The median age of 24.4 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 Goshen features a median home value of $96,100, which is 61% below the national median of $244,900. This makes New Goshen one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 195 total housing units, 73% are owner-occupied (142 units) and 27% are renter-occupied (53 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Goshen shows an unemployment rate of 11.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Goshen have an average one-way commute time of 26.4 minutes.
Education & Demographics
16.5% of New Goshen 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 1.4% White, 0.3% Hispanic or Latino, 3.1% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New Goshen, IN
Compared to national averages, New Goshen has a median household income of $81,528 (8% above the national median of $75,149). Home values average $96,100, which is 61% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, New Goshen's income is 18% above the state average of $69,330, and home values are 41% below the state median of $163,409.
Why Live in New Goshen, IN?
New Goshen offers a strong local economy with a median household income of $81,528, well above the national average, and affordable housing with a median home value of $96,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 5.4%, better than the national average.
New Goshen has a population of 649 with a median age of 24.4 years. Compare New Goshen with other cities to see how it stacks up, or explore all cities in Indiana.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Goshen
What is the population of New Goshen, IN?
The population of New Goshen, IN is 649 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in New Goshen?
The median household income in New Goshen, IN is $81,528 per year, which is 8% above the national median of $75,149.
What is the median home value in New Goshen?
The median home value in New Goshen, IN is $96,100, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Goshen?
The median monthly rent in New Goshen, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in New Goshen?
The unemployment rate in New Goshen, IN is 11.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Goshen, IN a good place to live?
New Goshen offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 649 and a median age of 24.4, the city appeals to young professionals and families.
How educated is New Goshen, IN?
16.5% of residents in New Goshen 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 Goshen?
Key cost-of-living indicators for New Goshen, IN: median home value is $96,100 (61% below national), median rent is $0/month, and median household income is $81,528. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Goshen?
The poverty rate in New Goshen, IN is 5.4%, 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 Goshen, IN?
New Goshen's population is 1.4% White, 0.3% Hispanic or Latino, 3.1% Black or African American, 0.0% Asian, and 8.2% two or more races. 0.0% of residents are foreign-born.