New Haven, IN
Population 15,339 · Indiana
About New Haven, IN
New Haven is a mid-sized city located in Indiana with a population of 15,339 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,121 per year, which is 11% below the national median of $75,149. The median age of 38.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Haven features a median home value of $151,200, which is 38% below the national median of $244,900. This positions New Haven in a moderately priced market relative to the rest of the country. Median monthly rent is $947, 19% below the national average of $1,163/month. Of the 6,684 total housing units, 76% are owner-occupied (4,868 units) and 24% are renter-occupied (1,512 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Haven shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 8.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Haven have an average one-way commute time of 21.7 minutes.
Education & Demographics
23.9% of New Haven residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.9% White, 1.0% Hispanic or Latino, 0.1% Black or African American, and 2.4% Asian residents, with 4.2% of the population being foreign-born.
Cost of Living in New Haven, IN
Compared to national averages, New Haven has a median household income of $67,121 (11% below the national median of $75,149). Home values average $151,200, which is 38% below the national median. Monthly rent at $947 is 19% below the US average of $1,163. Within Indiana, New Haven's income is 3% below the state average of $69,330, and home values are 7% below the state median of $163,409.
Why Live in New Haven, IN?
New Haven offers affordable housing with a median home value of $151,200, below the US average of $244,900, and rent that’s lower than the national average at $947/month, and a low poverty rate of 8.3%, better than the national average. Additionally, the city features short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($67,121) that falls below the national average. However, New Haven’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Haven has a population of 15,339 with a median age of 38.7 years. Compare New Haven with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Haven
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Frankfort | 15,536 | $53,522 | $122,800 | Compare |
| Beech Grove | 15,082 | $49,452 | $169,500 | Compare |
| Cedar Lake | 14,686 | $79,177 | $259,900 | Compare |
| Griffith | 16,228 | $76,009 | $200,400 | Compare |
| Chesterton | 14,326 | $88,536 | $280,400 | Compare |
| Dyer | 16,400 | $101,183 | $288,700 | Compare |
| Crawfordsville | 16,408 | $49,327 | $134,100 | Compare |
| Jasper | 16,421 | $65,283 | $203,300 | 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 Haven With Other Cities
Frequently Asked Questions about New Haven
What is the population of New Haven, IN?
The population of New Haven, IN is 15,339 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Indiana.
What is the median household income in New Haven?
The median household income in New Haven, IN is $67,121 per year, which is 11% below the national median of $75,149.
What is the median home value in New Haven?
The median home value in New Haven, IN is $151,200, which is 38% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Haven?
The median monthly rent in New Haven, IN is $947, which is 19% below the national average of $1,163/month.
What is the unemployment rate in New Haven?
The unemployment rate in New Haven, IN is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Haven, IN a good place to live?
New Haven offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 15,339 and a median age of 38.7, the city appeals to a broad range of residents.
How educated is New Haven, IN?
23.9% of residents in New Haven 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 Haven?
Key cost-of-living indicators for New Haven, IN: median home value is $151,200 (38% below national), median rent is $947/month, and median household income is $67,121. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Haven?
The poverty rate in New Haven, IN is 8.3%, 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 Haven, IN?
New Haven's population is 1.9% White, 1.0% Hispanic or Latino, 0.1% Black or African American, 2.4% Asian, and 3.7% two or more races. 4.2% of residents are foreign-born.