Newark Valley, NY
Population 1,149 · New York
About Newark Valley, NY
Newark Valley is a small town located in New York with a population of 1,149 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,229 per year, which is 9% below the national median of $75,149. The median age of 38.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Newark Valley features a median home value of $118,600, which is 52% below the national median of $244,900. This makes Newark Valley one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $895, 23% below the national average of $1,163/month. Of the 458 total housing units, 82% are owner-occupied (341 units) and 18% are renter-occupied (75 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newark Valley shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newark Valley have an average one-way commute time of 28.8 minutes.
Education & Demographics
23.2% of Newark Valley 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 0.5% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.9% of the population being foreign-born.
Cost of Living in Newark Valley, NY
Compared to national averages, Newark Valley has a median household income of $68,229 (9% below the national median of $75,149). Home values average $118,600, which is 52% below the national median. Monthly rent at $895 is 23% below the US average of $1,163. Within New York, Newark Valley's income is 30% below the state average of $96,987, and home values are 69% below the state median of $387,181.
Why Live in Newark Valley, NY?
Newark Valley offers affordable housing with a median home value of $118,600, below the US average of $244,900, and rent that’s lower than the national average at $895/month, and a low poverty rate of 6.5%, better than the national average.
Potential considerations include median household income ($68,229) that falls below the national average. However, Newark Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newark Valley has a population of 1,149 with a median age of 38.9 years. Compare Newark Valley with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Newark Valley
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hadley | 1,151 | $79,554 | $188,600 | Compare |
| Ruby | 1,147 | $101,588 | $280,600 | Compare |
| Holland | 1,146 | $41,250 | $207,900 | Compare |
| Orient | 1,152 | $88,293 | $923,500 | Compare |
| Cattaraugus | 1,153 | $59,145 | $73,100 | Compare |
| Eatons Neck | 1,158 | $245,217 | $865,000 | Compare |
| Unadilla | 1,140 | $57,188 | $114,200 | Compare |
| Nassau | 1,138 | $81,359 | $229,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Newark Valley With Other Cities
Frequently Asked Questions about Newark Valley
What is the population of Newark Valley, NY?
The population of Newark Valley, NY is 1,149 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Newark Valley?
The median household income in Newark Valley, NY is $68,229 per year, which is 9% below the national median of $75,149.
What is the median home value in Newark Valley?
The median home value in Newark Valley, NY is $118,600, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newark Valley?
The median monthly rent in Newark Valley, NY is $895, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Newark Valley?
The unemployment rate in Newark Valley, NY is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Newark Valley, NY a good place to live?
Newark Valley offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,149 and a median age of 38.9, the city appeals to a broad range of residents.
How educated is Newark Valley, NY?
23.2% of residents in Newark Valley 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 Newark Valley?
Key cost-of-living indicators for Newark Valley, NY: median home value is $118,600 (52% below national), median rent is $895/month, and median household income is $68,229. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newark Valley?
The poverty rate in Newark Valley, NY is 6.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Newark Valley, NY?
Newark Valley's population is 0.5% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.9% of residents are foreign-born.