New Pekin, IN
Population 1,377 · Indiana
About New Pekin, IN
New Pekin is a small town located in Indiana with a population of 1,377 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,500 per year, which is 33% below the national median of $75,149. The median age of 38 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Pekin features a median home value of $116,000, which is 53% below the national median of $244,900. This makes New Pekin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $837, 28% below the national average of $1,163/month. Of the 667 total housing units, 64% are owner-occupied (356 units) and 36% are renter-occupied (200 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Pekin shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.3%, above the national average of 12.4%. Workers in New Pekin have an average one-way commute time of 30.6 minutes.
Education & Demographics
9.9% of New Pekin 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 4.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 1.1% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in New Pekin, IN
Compared to national averages, New Pekin has a median household income of $50,500 (33% below the national median of $75,149). Home values average $116,000, which is 53% below the national median. Monthly rent at $837 is 28% below the US average of $1,163. Within Indiana, New Pekin's income is 27% below the state average of $69,330, and home values are 29% below the state median of $163,409.
Why Live in New Pekin, IN?
New Pekin offers affordable housing with a median home value of $116,000, below the US average of $244,900, and rent that’s lower than the national average at $837/month, and a strong job market with an unemployment rate of just 3.0%.
Potential considerations include median household income ($50,500) that falls below the national average. However, New Pekin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Pekin has a population of 1,377 with a median age of 38 years. Compare New Pekin with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Pekin
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Russiaville | 1,374 | $86,321 | $175,300 | Compare |
| Pierceton | 1,349 | $66,597 | $110,700 | Compare |
| Culver | 1,346 | $44,250 | $238,500 | Compare |
| Farmland | 1,345 | $41,516 | $92,900 | Compare |
| Warren Park | 1,411 | $39,865 | $194,400 | Compare |
| South Whitley | 1,412 | $59,191 | $130,300 | Compare |
| Otterbein | 1,414 | $63,676 | $137,400 | Compare |
| Nashville | 1,420 | $48,750 | $246,700 | 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 Pekin With Other Cities
Frequently Asked Questions about New Pekin
What is the population of New Pekin, IN?
The population of New Pekin, IN is 1,377 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 Pekin?
The median household income in New Pekin, IN is $50,500 per year, which is 33% below the national median of $75,149.
What is the median home value in New Pekin?
The median home value in New Pekin, IN is $116,000, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Pekin?
The median monthly rent in New Pekin, IN is $837, which is 28% below the national average of $1,163/month.
What is the unemployment rate in New Pekin?
The unemployment rate in New Pekin, IN is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Pekin, IN a good place to live?
New Pekin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,377 and a median age of 38, the city appeals to a broad range of residents.
How educated is New Pekin, IN?
9.9% of residents in New Pekin 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 Pekin?
Key cost-of-living indicators for New Pekin, IN: median home value is $116,000 (53% below national), median rent is $837/month, and median household income is $50,500. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Pekin?
The poverty rate in New Pekin, IN is 21.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Pekin, IN?
New Pekin's population is 4.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 1.1% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.