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EconPulse

Local economy signal dashboard

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PLACEStable

New Market, IN

Stable overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score63out of 100
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31
95
0
77
90

Population

509

Data freshness

Unknown

GDP / Output

-1.2% YoY

31

$2.2B

Output changed -1.2% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

95

2.1%

Unemployment is 2.1% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

-20.3% 5-year

0

509

Population moved -20.3% over the latest ACS window.

Vintage date unknown

State population6,851,073
U.S. population334,922,499

Housing

Rent share of income

77

16.5%

Median rent consumes 16.5% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.9K per resident

90

$262.6M

$262.6M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$207.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$262.6M

$6.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$220.2M
2. Department of Veterans Affairs$13.4M
3. Department of Transportation$12.9M

Top recipients

Dollars
1. INDIANA DEPARTMENT OF TRANSPORTATION$11.8M
2. REDACTED DUE TO PII$8.1M
3. CRAWFORDSVILLE, CITY OF$3.6M

Affordable

Housing Affordability

16.5%

of median income

1BR estimate$767
2BR estimate$1,010
Median income$67,969
Median home value$142,300

ACS context

Quick Facts

Population

509

Median age

44.3

Bachelor's degree+

12.1%

Poverty rate

1.8%

Labor force participation

64.0%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-4.4%

GDP CAGR

+6.2%

Federal flow

5 years

Population (5 years)
2020639
2021636
2022568
2023544
2024509
GDP (5 years)
2020$1.6B
2021$2.0B
2022$2.2B
2023$2.3B
2024$2.2B

2-year linear forecast

Predictive Outlook

Population forecast

2024509
2025474 *
2026438 *

R² = 94.6% · * projected

GDP forecast

2024$2.2B
2025$2.5B *
2026$2.6B *

R² = 81.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$67,969/yr
Median rent$935/mo
Rent share of income16.5%
Est. mortgage (30yr, 6.5%)$8,635/yr
Mortgage share of income12.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.1%
State avg4.3%
U.S. avg5.2%
Labor force participation64.0%
Poverty rate1.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$142,300
Median monthly rent$935
Price-to-rent ratio12.7x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score49/100
Economic growth31/100
Labor market95/100
Population momentum0/100
Overall stability63/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

New Market town, Indiana

City/Town

Part of

Crawfordsville, IN

Nearby locations

Lake Holiday, INCrawfordsville, INLadoga, INLinnsburg, INAlamo, IN