New Washington, IN
Population 432 · Indiana
About New Washington, IN
New Washington is a small community located in Indiana with a population of 432 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,141 per year, which is 12% above the national median of $75,149. The median age of 43.9 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 Washington features a median home value of $193,000, which is 21% below the national median of $244,900. This positions New Washington in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 185 total housing units, 84% are owner-occupied (124 units) and 16% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Washington 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 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Washington have an average one-way commute time of 28 minutes.
Education & Demographics
12.3% of New Washington 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 3.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New Washington, IN
Compared to national averages, New Washington has a median household income of $84,141 (12% above the national median of $75,149). Home values average $193,000, which is 21% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, New Washington's income is 21% above the state average of $69,330, and home values are 18% above the state median of $163,409.
Why Live in New Washington, IN?
New Washington offers a strong local economy with a median household income of $84,141, well above the national average, and affordable housing with a median home value of $193,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 5.8%, better than the national average.
New Washington has a population of 432 with a median age of 43.9 years. Compare New Washington with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Washington
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Michiana Shores | 433 | $92,500 | $448,300 | Compare |
| Waveland | 431 | $60,956 | $96,800 | Compare |
| Big Lake | 430 | $120,625 | $216,200 | Compare |
| Otwell | 430 | $47,422 | $126,200 | Compare |
| Center | 436 | $83,569 | $239,500 | Compare |
| Chain-O-Lakes | 427 | $71,010 | $255,300 | Compare |
| Wilkinson | 427 | $63,500 | $132,500 | Compare |
| Amo | 426 | $76,250 | $151,600 | 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 Washington With Other Cities
Frequently Asked Questions about New Washington
What is the population of New Washington, IN?
The population of New Washington, IN is 432 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 Washington?
The median household income in New Washington, IN is $84,141 per year, which is 12% above the national median of $75,149.
What is the median home value in New Washington?
The median home value in New Washington, IN is $193,000, which is 21% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Washington?
The median monthly rent in New Washington, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in New Washington?
The unemployment rate in New Washington, 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 Washington, IN a good place to live?
New Washington offers above-average incomes, affordable housing, and a strong job market. With a population of 432 and a median age of 43.9, the city appeals to a broad range of residents.
How educated is New Washington, IN?
12.3% of residents in New Washington 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 Washington?
Key cost-of-living indicators for New Washington, IN: median home value is $193,000 (21% below national), median rent is $0/month, and median household income is $84,141. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Washington?
The poverty rate in New Washington, 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 Washington, IN?
New Washington's population is 3.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.