Newfane, NY
Population 3,470 · New York
About Newfane, NY
Newfane is a small community in New York with a population of 3,470 residents. The median household income is $75,049 per year, which is above the national average. The median age in Newfane is 37.4 years.
Housing in Newfane has a median home value of $143,500 and median monthly rent of $836. Of the 1,461 total housing units, the majority are owner-occupied, with 1,090 owner-occupied and 314 renter-occupied units.
The unemployment rate in Newfane is 1.4% and the poverty rate is 6.2%. 28.3% of residents hold a bachelor's degree or higher. The average commute time is 25.1 minutes.
Cost of Living in Newfane, NY
Compared to national averages, Newfane has a median household income of $75,049 (0% below the national median of $75,149). Home values average $143,500, which is 41% below the national median. Monthly rent at $836 is 28% below the US average of $1,163. Within New York, Newfane's income is 23% below the state average of $96,987, and home values are 63% below the state median of $387,181.
Why Live in Newfane, NY?
Newfane offers affordable housing with a median home value of $143,500, below the US average of $244,900, and rent that’s lower than the national average at $836/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 6.2%, better than the national average.
Potential considerations include median household income ($75,049) that falls below the national average. However, Newfane’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newfane has a population of 3,470 with a median age of 37.4 years. Compare Newfane with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Newfane
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Sand Lake | 3,453 | $126,595 | $322,300 | Compare |
| Muttontown | 3,496 | $247,589 | $1,876,900 | Compare |
| West Nyack | 3,437 | $136,696 | $570,900 | Compare |
| Lowville | 3,432 | $73,656 | $159,600 | Compare |
| Perry | 3,515 | $63,587 | $109,400 | Compare |
| Village Green | 3,518 | $58,059 | $149,800 | Compare |
| Hurley | 3,420 | $87,750 | $327,100 | Compare |
| Fairview CDP (Westchester County), New York | 3,522 | $86,071 | $463,900 | 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.
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Frequently Asked Questions about Newfane
What is the population of Newfane, NY?
The population of Newfane, NY is 3,470 according to the latest Census data.
What is the median household income in Newfane?
The median household income in Newfane, NY is $75,049 per year.
What is the median home value in Newfane?
The median home value in Newfane, NY is $143,500.
What is the average rent in Newfane?
The median monthly rent in Newfane, NY is $836.
What is the unemployment rate in Newfane?
The unemployment rate in Newfane, NY is 1.4%.