New Chicago, IN
Full City Profile · Indiana · Lake County County
2.9
/5.0
C+
Fair
2,348
Population
3,504/sq mi density
$54,700
Median Income
$26,022 per capita
$118,900
Home Value
$158,855 Zillow
$1,090
Median Rent
23.8% income on rent
50°F
Avg Temperature
275 sunny days/yr
181
Violent Crime/100K
5,062 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$54,700 median income, 5.1% unemployment
A+
Affordability
5.0 / 5.0
$118,900 home value, $1,090/mo rent
F
Safety
1.0 / 5.0
181 violent crimes/100K
C
Education
2.4 / 5.0
17.0% bachelor's degree or higher
Income Overview
Median Household Income
$54,700
27% below
US avg: $75,149
Per Capita Income
$26,022
33% below
US avg: $39,052
Unemployment Rate
5.1%
42% above
US avg: 3.6%
Poverty Rate
11.8%
5% below
US avg: 12.4%
Income Comparison: New Chicago vs. U.S. Average
Each bar shows New Chicago’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$54,700
73%
Per Capita
US: $39,052
$26,022
67%
IRS Avg AGI
US: $72,000
$69,524
97%
Avg Weekly Wage
US: $1,432
$1,177
82%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,177
18% below US avg ($1,432)
Mean Commute Time
24 min
13% below US avg (28 min)
Work From Home
5.3%
65% below US avg (15.2%)
Drive Alone
83.8%
15% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$31,242M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
83.8%
Public Transit
0%
Work From Home
5.3%
Other
10.9%
Average commute time
24 minutes
US avg: 28 min
Business Landscape
Total Establishments
11,872
Restaurants
1,110
Healthcare
1,376
Retail
1,546
Manufacturing
366
Tax & Financial
IRS Avg Adjusted Gross Income
$69,524
3% below US avg ($72,000)
Avg Property Tax
$4,190
20% above US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $54,700 |
| Per Capita Income | $26,022 |
| IRS Avg Adjusted Gross Income | $69,524 |
| Avg Weekly Wage | $1,177 |
| County GDP | $31,242M |
Hardship Indicators
| Unemployment Rate | 5.1% |
| Poverty Rate | 11.8% |
| Gini Coefficient | 0.453 |
| Cost of Living Index | 93.3 |
Commute
| Mean Commute | 24 minutes |
| Drive Alone | 83.8% |
| Public Transit | 0.0% |
| Work From Home | 5.3% |
Businesses
| Total Establishments | 11,872 |
| Restaurants | 1,110 |
| Healthcare | 1,376 |
| Retail | 1,546 |
| Manufacturing | 366 |
Tax
| IRS Avg AGI | $69,524 |
| Avg Property Tax | $4,190 |
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