New Chicago, IN population, income and ZIP codes

New Chicago town is a small town in Indiana, with 2,348 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #204 of 976 ranked by population — larger than 79% of them. The median age here is 30.4 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in New Chicago town earn a median of $54,700 a year, 30.4% below the national figure of $78,538 and 11% below the $61,527 median for the 355 Indiana cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 15.9% of residents here, above the 12.4% national rate.

The typical owner-occupied home in New Chicago town is valued at $118,900, 60.8% below the national figure and 18% below the $145,600 peer median, while median gross rent runs $1,090 a month, 22.5% below the national figure, or roughly $13,080 across a full year. A household on the local median income would put about 23.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 2.2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 68.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.