New Providence, IA
Population 196 · Iowa
About New Providence, IA
New Providence is a small community located in Iowa with a population of 196 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,250 per year, which is 11% above the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Providence features a median home value of $80,000, which is 67% below the national median of $244,900. This makes New Providence one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $589, 49% below the national average of $1,163/month. Of the 79 total housing units, 71% are owner-occupied (56 units) and 29% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Providence 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 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Providence have an average one-way commute time of 32.2 minutes.
Education & Demographics
29.6% of New Providence 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 0.0% White, 3.1% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in New Providence, IA
Compared to national averages, New Providence has a median household income of $83,250 (11% above the national median of $75,149). Home values average $80,000, which is 67% below the national median. Monthly rent at $589 is 49% below the US average of $1,163. Within Iowa, New Providence's income is 23% above the state average of $67,947, and home values are 40% below the state median of $132,237.
Why Live in New Providence, IA?
New Providence offers a strong local economy with a median household income of $83,250, well above the national average, and affordable housing with a median home value of $80,000, below the US average of $244,900, and rent that’s lower than the national average at $589/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 6.2%, better than the national average.
New Providence has a population of 196 with a median age of 36.5 years. Compare New Providence with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Providence
What is the population of New Providence, IA?
The population of New Providence, IA is 196 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in New Providence?
The median household income in New Providence, IA is $83,250 per year, which is 11% above the national median of $75,149.
What is the median home value in New Providence?
The median home value in New Providence, IA is $80,000, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Providence?
The median monthly rent in New Providence, IA is $589, which is 49% below the national average of $1,163/month.
What is the unemployment rate in New Providence?
The unemployment rate in New Providence, IA 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 Providence, IA a good place to live?
New Providence offers above-average incomes, affordable housing, and a strong job market. With a population of 196 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is New Providence, IA?
29.6% of residents in New Providence 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 Providence?
Key cost-of-living indicators for New Providence, IA: median home value is $80,000 (67% below national), median rent is $589/month, and median household income is $83,250. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Providence?
The poverty rate in New Providence, IA is 6.2%, 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 Providence, IA?
New Providence's population is 0.0% White, 3.1% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 1.5% of residents are foreign-born.