New Era, MI
Population 453 · Michigan
About New Era, MI
New Era is a small community located in Michigan with a population of 453 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,500 per year, which is 8% above the national median of $75,149. The median age of 53.1 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 Era features a median home value of $172,200, which is 30% below the national median of $244,900. This positions New Era in a moderately priced market relative to the rest of the country. Median monthly rent is $967, 17% below the national average of $1,163/month. Of the 193 total housing units, 94% are owner-occupied (168 units) and 6% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Era shows an unemployment rate of 1.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Era have an average one-way commute time of 23.8 minutes.
Education & Demographics
31.1% of New Era 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 8.8% White, 2.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
How New Era Ranks in Michigan
Cost of Living in New Era, MI
Compared to national averages, New Era has a median household income of $81,500 (8% above the national median of $75,149). Home values average $172,200, which is 30% below the national median. Monthly rent at $967 is 17% below the US average of $1,163. Within Michigan, New Era's income is 23% above the state average of $66,017, and home values are 6% below the state median of $183,391.
Why Live in New Era, MI?
New Era offers a strong local economy with a median household income of $81,500, well above the national average, and affordable housing with a median home value of $172,200, below the US average of $244,900, and rent that’s lower than the national average at $967/month. Additionally, the city features a strong job market with an unemployment rate of just 1.2%, and a low poverty rate of 7.3%, better than the national average, and short commute times averaging just 23.8 minutes.
New Era has a population of 453 with a median age of 53.1 years. Compare New Era with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near New Era
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Whittemore | 447 | $33,056 | $59,600 | Compare |
| Ashley | 440 | $53,750 | $105,000 | Compare |
| Oak Hill | 440 | $56,458 | $130,300 | Compare |
| Bloomingdale | 467 | $65,417 | $113,500 | Compare |
| Perrinton | 467 | $52,868 | $99,400 | Compare |
| Sterling | 439 | $58,750 | $84,700 | Compare |
| Barnes Lake | 468 | $75,585 | $212,300 | Compare |
| Millburg | 437 | $62,708 | $100,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Era With Other Cities
Frequently Asked Questions about New Era
What is the population of New Era, MI?
The population of New Era, MI is 453 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in New Era?
The median household income in New Era, MI is $81,500 per year, which is 8% above the national median of $75,149.
What is the median home value in New Era?
The median home value in New Era, MI is $172,200, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Era?
The median monthly rent in New Era, MI is $967, which is 17% below the national average of $1,163/month.
What is the unemployment rate in New Era?
The unemployment rate in New Era, MI is 1.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Era, MI a good place to live?
New Era offers above-average incomes, affordable housing, and a strong job market. With a population of 453 and a median age of 53.1, the city appeals to established professionals and retirees.
How educated is New Era, MI?
31.1% of residents in New Era 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 Era?
Key cost-of-living indicators for New Era, MI: median home value is $172,200 (30% below national), median rent is $967/month, and median household income is $81,500. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Era?
The poverty rate in New Era, MI is 7.3%, 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 Era, MI?
New Era's population is 8.8% White, 2.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.