Michigan · Census place 57280
New Era village, MI
Quick answer
New Era village has 453 residents, ranking #561 of 745 places in Michigan. Median household income is $81,500, the median home is worth $172,200 and median gross rent runs $967 a month.
- Population
- 453New Era village residents
- Median household income
- $81,500Past 12 months, inflation adjusted
- Median home value
- $172,200Owner-occupied units
- Median gross rent
- $967Rent plus utilities, monthly
- Median age
- 53.1 yrsAll residents
- Homeownership rate
- 94.4%Owner-occupied households
What the numbers mean in New Era village
Housing cost measured against local earnings.
A household earning the New Era village median would spend about 14.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.3% of residents and 94.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Barnes Lake CDP 468
- Bloomingdale village 467
- Perrinton village 467
- Whittemore city 447
- Ashley village 440
- Oak Hill CDP 440
- Sterling village 439
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