Newfane, VT
Population 154 · Vermont
About Newfane, VT
Newfane is a small community located in Vermont with a population of 154 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 25.9 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 Newfane features a median home value of $363,600, which is 48% above the national median of $244,900. This positions Newfane in a moderately priced market relative to the rest of the country. Median monthly rent is $1,141, 2% below the national average of $1,163/month. Of the 83 total housing units, 62% are owner-occupied (34 units) and 38% are renter-occupied (21 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Newfane shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.9%, above the national average of 12.4%. Workers in Newfane have an average one-way commute time of 19.1 minutes, one of the shorter commutes in the region.
Education & Demographics
57.0% of Newfane residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 14.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.2% of the population being foreign-born.
How Newfane Ranks in Vermont
Cost of Living in Newfane, VT
Compared to national averages, Newfane has a median household income of $0 (100% below the national median of $75,149). Home values average $363,600, which is 48% above the national median. Monthly rent at $1,141 is 2% below the US average of $1,163. Within Vermont, Newfane's income is 100% below the state average of $72,974, and home values are 42% above the state median of $255,863.
Why Live in Newfane, VT?
Newfane offers rent that’s lower than the national average at $1,141/month, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 57.0% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 19.1 minutes.
Potential considerations include median household income ($0) 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 154 with a median age of 25.9 years. Compare Newfane with other cities to see how it stacks up, or explore all cities in Vermont.
Similar Cities Near Newfane
Cities in Vermont with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Old Bennington | 153 | $154,375 | $394,600 | Compare |
| Jacksonville | 152 | $100,278 | $261,500 | Compare |
| North Westminster | 152 | $69,906 | $165,400 | Compare |
| Townshend | 158 | $38,295 | $245,800 | Compare |
| Harmonyville | 159 | $65,795 | $258,300 | Compare |
| South Lincoln | 159 | $123,750 | $308,100 | Compare |
| Albany | 161 | $96,250 | $187,500 | Compare |
| Whitingham | 147 | $87,679 | $222,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Vermont
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Newfane With Other Cities
Frequently Asked Questions about Newfane
What is the population of Newfane, VT?
The population of Newfane, VT is 154 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Vermont.
What is the median household income in Newfane?
The median household income in Newfane, VT is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Newfane?
The median home value in Newfane, VT is $363,600, which is 48% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newfane?
The median monthly rent in Newfane, VT is $1,141, which is 2% below the national average of $1,163/month.
What is the unemployment rate in Newfane?
The unemployment rate in Newfane, VT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Newfane, VT a good place to live?
Newfane offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 154 and a median age of 25.9, the city appeals to young professionals and families.
How educated is Newfane, VT?
57.0% of residents in Newfane aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Newfane?
Key cost-of-living indicators for Newfane, VT: median home value is $363,600 (48% above national), median rent is $1,141/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Newfane?
The poverty rate in Newfane, VT is 14.9%, 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 Newfane, VT?
Newfane's population is 0.0% White, 14.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 5.2% of residents are foreign-born.