New Market, AL

Full City Profile · Alabama · Madison County County

4.0 /5.0
A Great
1,296 Population 74/sq mi density
$71,083 Median Income $39,640 per capita
$113,400 Home Value $288,013 Zillow
$967 Median Rent 35.9% income on rent
60°F Avg Temperature
A
Overall
4.0 / 5.0
Strong
A
Economy
4.4 / 5.0
$71,083 median income, 1.3% unemployment
A+
Affordability
5.0 / 5.0
$113,400 home value, $967/mo rent
C+
Education
2.5 / 5.0
19.0% bachelor's degree or higher

New Market, AL

At a Glance

Median Income
$71,083
5% below
$39,640 per capita
Home Value
$113,400
60% below
Zillow: $288,013
Median Rent
$967/mo
17% below
35.9% of income on rent
Bachelor's Degree+
19.0%
44% below
83.7% high school+
Unemployment
1.3%
64% below
0.0% poverty rate
Obesity Rate
40.9%
27% above
16.7% smoking rate
Avg Temperature
60°F

How New Market Compares to the U.S. Average

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

Income
95%
Home Value
40%
Rent
83%
Poverty
0%
Bachelor's
56%
Unemployment
36%
Thin vertical line = U.S. national average (100%)

Is New Market a Good Place to Live?

A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

New Market residents earn a median household income of $71,083 , which is 5% below the national average of $75,149. Per capita income is $39,640. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 13,778 business establishments, including 895 restaurants.

Housing & Cost of Living

The median home value in New Market is $113,400 , 60% below the national median of $281,900. Zillow estimates the typical home at $288,013. Median rent is $967/month, with 35.9% of renters spending more than 30% of income on housing. The cost of living index is 88.8 (100 = national average). The median home was built in 1987.

Education

19.0% of adults in New Market hold a bachelor's degree or higher (44% below the national average). 83.7% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

New Market has an average annual temperature of 60°F (16°C). Winters average 40°F in January while summers reach 78°F in July. Annual precipitation totals 59.8 inches. Air quality is rated Good with a median AQI of 44.

Data Overview

People

Population1,296
Median Age37.7 yrs
Density74/mi²
Male / Female51% / 50%
Foreign Born5.6%
Veterans11.5%

Economy

A
Median Income$71,083
Per Capita$39,640
Unemployment1.3%
Poverty0.0%
County GDP$38,958M
Avg Weekly Wage$1,482

Housing

A+
Home Value$113,400
Rent$967
Ownership79.9%
Zillow$288,013
Housing Units529
Rent Burden35.9%

Health

Obesity40.9%
Diabetes11.5%
Smoking16.7%
Heart Disease6.2%
Premature Death9,054/100K

Climate

Avg Temp60°F
Rain59.8 in/yr
AQI44 (Good)
Elevation775 ft

Education

C+
Bachelor's+19.0%
High School+83.7%
Graduate+1.6%
School Score5.6/10

Community

2024 VoteR 54% / D 45%
Commute28 min
Broadband85.5%
Internet Speed204 Mbps
EV Stations1
Libraries11

Did You Know?

The median home in New Market was built in 1987.
The nearest airport is Huntsville International-Carl T Jones Field (27 miles).
The Gini coefficient (income inequality) is 0.470 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
19.1% of the population has a disability.
Average internet download speed is 204 Mbps.
There are 895 restaurants in the area.
The county recorded 35 fatal vehicle crashes.