New Palestine, IN
Population 3,027 · Indiana
About New Palestine, IN
New Palestine is a small town located in Indiana with a population of 3,027 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,170 per year, which is 24% above the national median of $75,149. The median age of 42.9 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 New Palestine features a median home value of $320,300, which is 31% above the national median of $244,900. This positions New Palestine in a moderately priced market relative to the rest of the country. Median monthly rent is $1,200, 3% above the national average of $1,163/month. Of the 1,242 total housing units, 79% are owner-occupied (960 units) and 21% are renter-occupied (255 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Palestine shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Palestine have an average one-way commute time of 30.8 minutes.
Education & Demographics
39.1% of New Palestine 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 0.2% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
Cost of Living in New Palestine, IN
Compared to national averages, New Palestine has a median household income of $93,170 (24% above the national median of $75,149). Home values average $320,300, which is 31% above the national median. Monthly rent at $1,200 is 3% above the US average of $1,163. Within Indiana, New Palestine's income is 34% above the state average of $69,330, and home values are 96% above the state median of $163,409.
Why Live in New Palestine, IN?
New Palestine offers a strong local economy with a median household income of $93,170, well above the national average, and a well-educated community where 39.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.8%, better than the national average.
New Palestine has a population of 3,027 with a median age of 42.9 years. Compare New Palestine with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Palestine
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shorewood Forest | 3,030 | $151,382 | $449,400 | Compare |
| Brownstown | 3,020 | $62,222 | $138,100 | Compare |
| Albany | 2,984 | $56,356 | $103,600 | Compare |
| Covington | 3,112 | $54,962 | $162,100 | Compare |
| Delphi | 2,913 | $43,548 | $120,400 | Compare |
| Heritage Lake | 2,913 | $81,495 | $237,300 | Compare |
| Corydon | 3,165 | $57,002 | $162,300 | Compare |
| Grissom AFB | 2,882 | $52,829 | $84,700 | 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 Palestine With Other Cities
Frequently Asked Questions about New Palestine
What is the population of New Palestine, IN?
The population of New Palestine, IN is 3,027 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in New Palestine?
The median household income in New Palestine, IN is $93,170 per year, which is 24% above the national median of $75,149.
What is the median home value in New Palestine?
The median home value in New Palestine, IN is $320,300, which is 31% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Palestine?
The median monthly rent in New Palestine, IN is $1,200, which is 3% above the national average of $1,163/month.
What is the unemployment rate in New Palestine?
The unemployment rate in New Palestine, IN is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Palestine, IN a good place to live?
New Palestine offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,027 and a median age of 42.9, the city appeals to a broad range of residents.
How educated is New Palestine, IN?
39.1% of residents in New Palestine aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Palestine?
Key cost-of-living indicators for New Palestine, IN: median home value is $320,300 (31% above national), median rent is $1,200/month, and median household income is $93,170. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Palestine?
The poverty rate in New Palestine, IN is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Palestine, IN?
New Palestine's population is 0.2% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.8% two or more races. 0.3% of residents are foreign-born.