New Village, NJ
Population 366 · New Jersey
About New Village, NJ
New Village is a small community located in New Jersey with a population of 366 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,661 per year, which is 45% above the national median of $75,149. The median age of 51.8 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 Village features a median home value of $325,000, which is 33% above the national median of $244,900. This positions New Village in a moderately priced market relative to the rest of the country. Median monthly rent is $1,654, 42% above the national average of $1,163/month. Of the 187 total housing units, 89% are owner-occupied (153 units) and 11% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Village shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 23.0%, above the national average of 12.4%. Workers in New Village have an average one-way commute time of 33.1 minutes.
Education & Demographics
22.9% of New Village 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, 0.5% Hispanic or Latino, 0.0% Black or African American, and 16.4% Asian residents, with 10.4% of the population being foreign-born.
Cost of Living in New Village, NJ
Compared to national averages, New Village has a median household income of $108,661 (45% above the national median of $75,149). Home values average $325,000, which is 33% above the national median. Monthly rent at $1,654 is 42% above the US average of $1,163. Within New Jersey, New Village's income is 6% below the state average of $115,667, and home values are 31% below the state median of $469,644.
Why Live in New Village, NJ?
New Village offers a strong local economy with a median household income of $108,661, well above the national average.
New Village has a population of 366 with a median age of 51.8 years. Compare New Village with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near New Village
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Port Colden | 357 | $54,170 | $343,900 | Compare |
| Great Meadows | 353 | $73,836 | $372,100 | Compare |
| Pedricktown | 380 | $72,566 | $187,000 | Compare |
| Windsor | 381 | $0 | $479,500 | Compare |
| Goshen | 384 | $112,019 | $345,300 | Compare |
| Mauricetown | 386 | $63,946 | $168,000 | Compare |
| Allenhurst | 387 | $96,500 | $1,125,000 | Compare |
| Laurel Heights | 391 | $81,713 | $201,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Village With Other Cities
Frequently Asked Questions about New Village
What is the population of New Village, NJ?
The population of New Village, NJ is 366 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Jersey.
What is the median household income in New Village?
The median household income in New Village, NJ is $108,661 per year, which is 45% above the national median of $75,149.
What is the median home value in New Village?
The median home value in New Village, NJ is $325,000, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Village?
The median monthly rent in New Village, NJ is $1,654, which is 42% above the national average of $1,163/month.
What is the unemployment rate in New Village?
The unemployment rate in New Village, NJ is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Village, NJ a good place to live?
New Village offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 366 and a median age of 51.8, the city appeals to established professionals and retirees.
How educated is New Village, NJ?
22.9% of residents in New Village 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 Village?
Key cost-of-living indicators for New Village, NJ: median home value is $325,000 (33% above national), median rent is $1,654/month, and median household income is $108,661. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Village?
The poverty rate in New Village, NJ is 23.0%, 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 Village, NJ?
New Village's population is 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 16.4% Asian, and 0.0% two or more races. 10.4% of residents are foreign-born.