New Lexington, OH
Population 4,479 · Ohio
About New Lexington, OH
New Lexington is a small town located in Ohio with a population of 4,479 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,447 per year, which is 42% below the national median of $75,149. The median age of 34.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in New Lexington features a median home value of $114,000, which is 53% below the national median of $244,900. This makes New Lexington one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $620, 47% below the national average of $1,163/month. Of the 1,918 total housing units, 48% are owner-occupied (874 units) and 52% are renter-occupied (947 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in New Lexington shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 27.5%, above the national average of 12.4%. Workers in New Lexington have an average one-way commute time of 26.1 minutes.
Education & Demographics
8.9% of New Lexington 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 0.2% White, 2.3% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.4% of the population being foreign-born.
How New Lexington Ranks in Ohio
Cost of Living in New Lexington, OH
Compared to national averages, New Lexington has a median household income of $43,447 (42% below the national median of $75,149). Home values average $114,000, which is 53% below the national median. Monthly rent at $620 is 47% below the US average of $1,163. Within Ohio, New Lexington's income is 40% below the state average of $71,814, and home values are 35% below the state median of $174,449.
Why Live in New Lexington, OH?
New Lexington offers affordable housing with a median home value of $114,000, below the US average of $244,900, and rent that’s lower than the national average at $620/month.
Potential considerations include median household income ($43,447) that falls below the national average. However, New Lexington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Lexington has a population of 4,479 with a median age of 34.6 years. Compare New Lexington with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near New Lexington
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crestline | 4,467 | $48,298 | $96,100 | Compare |
| Wellington | 4,514 | $68,510 | $181,400 | Compare |
| Ottawa | 4,439 | $66,268 | $175,300 | Compare |
| Ada | 4,553 | $57,863 | $150,700 | Compare |
| Newton Falls | 4,553 | $51,840 | $102,200 | Compare |
| Pleasant Run Farm | 4,390 | $78,053 | $215,400 | Compare |
| Coldwater | 4,387 | $77,730 | $215,700 | Compare |
| Archbold | 4,369 | $68,634 | $175,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Lexington With Other Cities
Frequently Asked Questions about New Lexington
What is the population of New Lexington, OH?
The population of New Lexington, OH is 4,479 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in New Lexington?
The median household income in New Lexington, OH is $43,447 per year, which is 42% below the national median of $75,149.
What is the median home value in New Lexington?
The median home value in New Lexington, OH is $114,000, which is 53% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in New Lexington?
The median monthly rent in New Lexington, OH is $620, which is 47% below the national average of $1,163/month.
What is the unemployment rate in New Lexington?
The unemployment rate in New Lexington, OH is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Lexington, OH a good place to live?
New Lexington offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 4,479 and a median age of 34.6, the city appeals to young professionals and families.
How educated is New Lexington, OH?
8.9% of residents in New Lexington 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 Lexington?
Key cost-of-living indicators for New Lexington, OH: median home value is $114,000 (53% below national), median rent is $620/month, and median household income is $43,447. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Lexington?
The poverty rate in New Lexington, OH is 27.5%, 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 Lexington, OH?
New Lexington's population is 0.2% White, 2.3% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.