New Market is a very small town located in the state of Maryland. With a population of 1,614 people and four associated neighborhoods, New Market is the 212th largest community in Maryland. New Market has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in New Market, where the median household income is $190,750.00. New Market home prices are not only among the most expensive in Maryland, but New Market real estate also consistently ranks among the most expensive in America.New Market is a decidedly white-collar town, with fully 91.73% of the workforce employed in white-collar jobs, well above the national average. Overall, New Market is a town of professionals, managers, and service providers. There are especially a lot of people living in New Market who work in management occupations (16.79%), teaching (14.16%), and food service (11.78%). Also of interest is that New Market has more people living here who work in computers and math than 95% of the places in the US. Of important note, New Market is also a town of artists. New Market has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Market’s character. One interesting thing about the economy is that relatively large numbers of people worked from their home: 19.95% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Because of many things, New Market is a great place for families with children to consider. First of all, many other families with children live here, making New Market a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, New Market has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, New Market’s overall crime rate is lower than average for the country. One downside of living in New Market, however, is that residents on average have to contend with a long commute, spending on average 34.07 minutes every day commuting to work. If knowledge is power, New Market is a pretty powerful place. 67.97% of the adults in New Market have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. The per capita income in New Market in 2022 was $65,068, which is wealthy relative to Maryland and the nation. This equates to an annual income of $260,272 for a family of four. New Market is a somewhat ethnically-diverse town. The people who call New Market home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Market residents report their race to be White, followed by Black or African-American. Important ancestries of people in New Market include Irish, German, Italian, English, and Norwegian. The most common language spoken in New Market is English. Other important languages spoken here include Polish and Spanish.
