New Ross, IN
Population 381 · Indiana
About New Ross, IN
New Ross is a small community located in Indiana with a population of 381 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,625 per year, which is 26% below the national median of $75,149. The median age of 50 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 Ross features a median home value of $130,300, which is 47% below the national median of $244,900. This makes New Ross one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,000, 14% below the national average of $1,163/month. Of the 175 total housing units, 86% are owner-occupied (146 units) and 14% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Ross shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.6%, above the national average of 12.4%. Workers in New Ross have an average one-way commute time of 22.8 minutes.
Education & Demographics
10.6% of New Ross 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.6% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in New Ross, IN
Compared to national averages, New Ross has a median household income of $55,625 (26% below the national median of $75,149). Home values average $130,300, which is 47% below the national median. Monthly rent at $1,000 is 14% below the US average of $1,163. Within Indiana, New Ross's income is 20% below the state average of $69,330, and home values are 20% below the state median of $163,409.
Why Live in New Ross, IN?
New Ross offers affordable housing with a median home value of $130,300, below the US average of $244,900, and rent that’s lower than the national average at $1,000/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 22.8 minutes.
Potential considerations include median household income ($55,625) that falls below the national average. However, New Ross’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Ross has a population of 381 with a median age of 50 years. Compare New Ross with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Ross
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bennetts Switch | 381 | $91,076 | $220,800 | Compare |
| Philadelphia | 381 | $0 | $200,700 | Compare |
| Reddington | 380 | $98,232 | $200,000 | Compare |
| Tippecanoe | 383 | $50,667 | $102,900 | Compare |
| Vallonia | 387 | $84,432 | $142,000 | Compare |
| Rolling Prairie | 389 | $0 | $168,800 | Compare |
| Idaville | 391 | $46,250 | $0 | Compare |
| Benton | 394 | $103,681 | $149,500 | 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.
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Frequently Asked Questions about New Ross
What is the population of New Ross, IN?
The population of New Ross, IN is 381 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 Ross?
The median household income in New Ross, IN is $55,625 per year, which is 26% below the national median of $75,149.
What is the median home value in New Ross?
The median home value in New Ross, IN is $130,300, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Ross?
The median monthly rent in New Ross, IN is $1,000, which is 14% below the national average of $1,163/month.
What is the unemployment rate in New Ross?
The unemployment rate in New Ross, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Ross, IN a good place to live?
New Ross offers a moderate cost of living, affordable housing, and a strong job market. With a population of 381 and a median age of 50, the city appeals to established professionals and retirees.
How educated is New Ross, IN?
10.6% of residents in New Ross 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 Ross?
Key cost-of-living indicators for New Ross, IN: median home value is $130,300 (47% below national), median rent is $1,000/month, and median household income is $55,625. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Ross?
The poverty rate in New Ross, IN is 12.6%, 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 Ross, IN?
New Ross's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.6% Asian, and 0.0% two or more races. 2.6% of residents are foreign-born.