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New Market, MD

Full City Profile · Maryland · Frederick County County

4.0 /5.0
A Great
1,588 Population 897/sq mi density
$198,080 Median Income $63,599 per capita
$607,700 Home Value $590,379 Zillow
$1,694 Median Rent 23.5% income on rent
57°F Avg Temperature 293 sunny days/yr
430 Violent Crime/100K 2,314 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$198,080 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$607,700 home value, $1,694/mo rent
F
Safety
1.0 / 5.0
430 violent crimes/100K (13% above avg)
A+
Education
5.0 / 5.0
69.0% bachelor's degree or higher

Income Overview

Median Household Income
$198,080
164% above
US avg: $75,149
Per Capita Income
$63,599
63% above
US avg: $39,052
Unemployment Rate
2.4%
33% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%

Income Comparison: New Market vs. U.S. Average

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

Median Household
US: $75,149
$198,080
264%
Per Capita
US: $39,052
$63,599
163%
IRS Avg AGI
US: $72,000
$99,317
138%
Avg Weekly Wage
US: $1,432
$1,343
94%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,343
6% below US avg ($1,432)
Mean Commute Time
33 min
20% above US avg (28 min)
Work From Home
20.1%
32% above US avg (15.2%)
Drive Alone
76.3%
4% above US avg (73.2%)
Public Transit
1.4%
73% below US avg (5.0%)
County GDP
$20,352M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 76.3%
Public Transit 1.4%
Work From Home 20.1%
Other 2.2%
Average commute time
33 minutes
US avg: 28 min

Business Landscape

Total Establishments
7,170
Restaurants
526
Healthcare
755
Retail
710
Manufacturing
168

Tax & Financial

IRS Avg Adjusted Gross Income
$99,317
38% above US avg ($72,000)
Avg Property Tax
$5,766
65% above US avg ($3,500)
Cost of Living Index
105.0
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$198,080
Per Capita Income$63,599
IRS Avg Adjusted Gross Income$99,317
Avg Weekly Wage$1,343
County GDP$20,352M

Hardship Indicators

Unemployment Rate2.4%
Poverty Rate0.0%
Gini Coefficient0.396
Cost of Living Index105.0

Commute

Mean Commute33 minutes
Drive Alone76.3%
Public Transit1.4%
Work From Home20.1%

Businesses

Total Establishments7,170
Restaurants526
Healthcare755
Retail710
Manufacturing168

Tax

IRS Avg AGI$99,317
Avg Property Tax$5,766