Newaygo, MI
Population 2,486 · Michigan
About Newaygo, MI
Newaygo is a small community in Michigan with a population of 2,486 residents. The median household income is $41,934 per year, which is below the national average. The median age in Newaygo is 32.7 years.
Housing in Newaygo has a median home value of $102,900 and median monthly rent of $1,058. Of the 1,117 total housing units, the majority are owner-occupied, with 582 owner-occupied and 460 renter-occupied units.
The unemployment rate in Newaygo is 4.5% and the poverty rate is 21.0%. 11.8% of residents hold a bachelor's degree or higher. The average commute time is 26.7 minutes.
Cost of Living in Newaygo, MI
Compared to national averages, Newaygo has a median household income of $41,934 (44% below the national median of $75,149). Home values average $102,900, which is 58% below the national median. Monthly rent at $1,058 is 9% below the US average of $1,163. Within Michigan, Newaygo's income is 36% below the state average of $66,017, and home values are 44% below the state median of $183,391.
Why Live in Newaygo, MI?
Newaygo offers affordable housing with a median home value of $102,900, below the US average of $244,900, and rent that’s lower than the national average at $1,058/month.
Potential considerations include median household income ($41,934) that falls below the national average. However, Newaygo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newaygo has a population of 2,486 with a median age of 32.7 years. Compare Newaygo with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Newaygo
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Reed City | 2,505 | $48,646 | $105,400 | Compare |
| Woodland Beach | 2,509 | $70,330 | $159,300 | Compare |
| Spring Lake | 2,530 | $75,000 | $271,100 | Compare |
| Charlevoix | 2,420 | $52,344 | $294,400 | Compare |
| Chesaning | 2,411 | $57,426 | $123,900 | Compare |
| St. Ignace | 2,409 | $60,735 | $127,800 | Compare |
| Shelby | 2,571 | $53,309 | $124,000 | Compare |
| Hudson | 2,385 | $57,500 | $103,100 | 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.
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Frequently Asked Questions about Newaygo
What is the population of Newaygo, MI?
The population of Newaygo, MI is 2,486 according to the latest Census data.
What is the median household income in Newaygo?
The median household income in Newaygo, MI is $41,934 per year.
What is the median home value in Newaygo?
The median home value in Newaygo, MI is $102,900.
What is the average rent in Newaygo?
The median monthly rent in Newaygo, MI is $1,058.
What is the unemployment rate in Newaygo?
The unemployment rate in Newaygo, MI is 4.5%.