Is Newmarket a Good Place to Live?
Based on current data, Newmarket receives an overall livability score of 2.8 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Newmarket has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Newmarket is $110,000, which is significantly higher than the national average — 46% above $75,149. This places Newmarket among higher-income communities. At 12.3%, unemployment is notably high. Only 7.5% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 31 minutes.
Cost of Living & Housing
The median home value in Newmarket is $950,000, making it a premium housing market at 237% above the U.S. median of $281,900. Renters pay a median of $1,510 per month, significantly above the national average of $1,163. With a home price-to-income ratio of 8.6x, housing affordability is a significant challenge for many families.
Education
22.7% of residents hold a bachelor's degree, below the national average of 33.7%. 26.2% have completed high school.
Climate & Weather
Newmarket experiences four distinct seasons with an average temperature of 47°F. Winters average 21°F in January while summers reach 70°F in July. Annual precipitation totals 35.7 inches, including 53.1 inches of snow.