New Chicago, IN

Full City Profile · Indiana · Lake County County

3.4 /5.0
B Good
2,348 Population 3,504/sq mi density
$54,700 Median Income $26,022 per capita
$118,900 Home Value $167,367 Zillow
$1,090 Median Rent 23.8% income on rent
52°F Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$54,700 median income, 7.9% unemployment
A+
Affordability
5.0 / 5.0
$118,900 home value, $1,090/mo rent
C
Education
2.4 / 5.0
17.0% bachelor's degree or higher

New Chicago, IN

At a Glance

Median Income
$54,700
27% below
$26,022 per capita
Home Value
$118,900
58% below
Zillow: $167,367
Median Rent
$1,090/mo
6% below
23.8% of income on rent
Bachelor's Degree+
17.0%
50% below
82.7% high school+
Unemployment
7.9%
119% above
11.8% poverty rate
Obesity Rate
41.9%
31% above
23.8% smoking rate
Avg Temperature
52°F

How New Chicago Compares to the U.S. Average

Each bar shows New Chicago's value as a percentage of the national average (100% = U.S. avg)

Income
73%
Home Value
42%
Rent
94%
Poverty
95%
Bachelor's
50%
Unemployment
219%
Thin vertical line = U.S. national average (100%)

Is New Chicago a Good Place to Live?

B
3.4 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

New Chicago residents earn a median household income of $54,700 , which is 27% below the national average of $75,149. Per capita income is $26,022. The unemployment rate stands at 7.9% (119% above the U.S. rate of 3.6%). 11.8% of residents live below the poverty line. The area is home to 11,872 business establishments, including 1,110 restaurants.

Housing & Cost of Living

The median home value in New Chicago is $118,900 , 58% below the national median of $281,900. Zillow estimates the typical home at $167,367. Median rent is $1,090/month, with 23.8% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1962.

Education

17.0% of adults in New Chicago hold a bachelor's degree or higher (50% below the national average). 82.7% have completed high school. Local schools score 5.5/10 in standardized testing.

Climate & Weather

New Chicago has an average annual temperature of 52°F (11°C). Winters average 26°F in January while summers reach 75°F in July. Annual precipitation totals 40.9 inches. Air quality is rated Moderate with a median AQI of 52.

Data Overview

People

Population2,348
Median Age30.4 yrs
Density3,504/mi²
Male / Female49% / 51%
Foreign Born9.1%
Veterans6.2%

Economy

C+
Median Income$54,700
Per Capita$26,022
Unemployment7.9%
Poverty11.8%
County GDP$31,242M
Avg Weekly Wage$1,177

Housing

A+
Home Value$118,900
Rent$1,090
Ownership68.2%
Zillow$167,367
Housing Units857
Rent Burden23.8%

Health

Obesity41.9%
Diabetes14.6%
Smoking23.8%
Heart Disease7.4%
Premature Death10,981/100K

Climate

Avg Temp52°F
Rain40.9 in/yr
AQI52 (Moderate)
Elevation634 ft

Education

C
Bachelor's+17.0%
High School+82.7%
Graduate+4.9%
School Score5.5/10

Community

2024 VoteR 46% / D 52%
Commute24 min
Broadband88.7%
Internet Speed110 Mbps
EV Stations1
Libraries26

Did You Know?

The median home in New Chicago was built in 1962.
The nearest airport is Gary/Chicago International (8 miles).
The Gini coefficient (income inequality) is 0.453 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
11.4% of the population has a disability.
Average internet download speed is 110 Mbps.
There are 1,110 restaurants in the area.
The county recorded 53 fatal vehicle crashes.