New Market, MD
Full City Profile · Maryland · Frederick County County
New Market, MD
At a Glance
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)
Is New Market a Good Place to Live?
Economy & Jobs
New Market residents earn a median household income of $198,080 , which is 164% above the national average of $75,149. Per capita income is $63,599. The unemployment rate stands at 3.0% (17% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 7,170 business establishments, including 526 restaurants.
Housing & Cost of Living
The median home value in New Market is $607,700 , 116% above the national median of $281,900. Zillow estimates the typical home at $589,872. Median rent is $1,694/month, with 23.5% of renters spending more than 30% of income on housing. The cost of living index is 105.0 (100 = national average). The median home was built in 2005.
Education
69.0% of adults in New Market hold a bachelor's degree or higher (105% above the national average). 100.0% have completed high school. Local schools score 6.5/10 in standardized testing.
Climate & Weather
New Market has an average annual temperature of 57°F (14°C). Winters average 35°F in January while summers reach 79°F in July. Annual precipitation totals 43.5 inches. Air quality is rated Good with a median AQI of 43.