What is the median household income in New Paris, IN?
The median household income in New Paris, IN is $74,663 (±$12,229) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,061 a month would take about $42,400 a year at the common guideline of spending no more than 30% of income on rent.
In New Paris, the median household income went from $50,078 in 2015–2019 to $74,663 in 2020–2024 (+49.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $74,663 (±$12,229)
- Median renter income
- $54,179 (±$15,511)
- Income to afford median rent
- about $42,400
Income in New Paris against Elkhart County, its state and the nation
| New Paris | Elkhart County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $74,663 (±$12,229) | $68,561 (±$2,286) | $71,957 (±$352) | $80,734 |
| Median renter household income | $54,179 (±$15,511) | $40,379 (±$2,819) | $42,811 (±$480) | $52,966 |
| Median owner household income | $80,568 (±$11,117) | $83,252 (±$2,422) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,061 (±$172) | $1,047 (±$29) | $1,062 (±$5) | $1,413 |
In New Paris, median household income is not measurably different from Elkhart County ($68,561).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Elkhart County, New Paris ranks 16 of 26 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 658 of 1,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in New Paris
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,061 a month ($12,732 a year) needs an income of about $42,400 a year.
The median renting household in New Paris earns $54,179 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $50,078 (±$19,390) | $74,663 (±$12,229) | +49.1% | No measurable change after inflation |
| Median gross rent | $793 (±$275) | $1,061 (±$172) | +33.8% | No measurable change after inflation |
| Median home value | $113,500 (±$23,202) | $223,700 (±$20,596) | +97.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near New Paris
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| New Paris | — | $74,663 (±$12,229) | — |
| Jackson Township (Elkhart County) | 1.4 mi | $89,542 (±$13,556) | Not measurably different |
| Elkhart Township (Elkhart County) | 4.4 mi | $63,925 (±$3,672) | Not measurably different |
| Goshen | 5.0 mi | $59,184 (±$5,197) | Lower |
| Benton Township (Elkhart County) | 5.8 mi | $94,070 (±$17,530) | Not measurably different |
| Milford | 5.9 mi | $51,667 (±$22,916) | Not measurably different |
| Union Township (Elkhart County) | 5.9 mi | $72,422 (±$18,186) | Not measurably different |
| Clinton Township (Elkhart County) | 6.6 mi | $92,235 (±$10,536) | Higher |
| Syracuse | 6.8 mi | $71,833 (±$14,504) | Not measurably different |
Nearby places with a measurably lower figure: Goshen, IN ($59,184).
Nearby places with a measurably higher figure: Clinton Township (Elkhart County), IN ($92,235).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Elkhart County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Baugo Township | $80,960 (±$6,238) |
| 11 | Harrison Township (Elkhart County) | $80,938 (±$14,081) |
| 12 | York Township (Elkhart County) | $79,191 (±$23,977) |
| 13 | Bristol | $77,188 (±$17,661) |
| 14 | Simonton Lake | $75,673 (±$18,984) |
| 15 | Middlebury | $75,236 (±$15,467) |
| 16 | New Paris | $74,663 (±$12,229) |
| 17 | Wakarusa | $74,464 (±$12,260) |
| 18 | Union Township (Elkhart County) | $72,422 (±$18,186) |
| 19 | Washington Township (Elkhart County) | $71,000 (±$11,854) |
| 20 | Nappanee | $68,892 (±$11,551) |
| 21 | Millersburg | $65,833 (±$17,806) |
| 22 | Elkhart Township (Elkhart County) | $63,925 (±$3,672) |
Showing 13 of 26 places in Elkhart County, ranked from highest to lowest.
New Paris is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New Paris
What is the median household income in New Paris?
The median household income in New Paris is $74,663 (±$12,229) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in New Paris?
About $42,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,061 a month.
Have incomes in New Paris kept up with inflation?
In New Paris, the median household income went from $50,078 in 2015–2019 to $74,663 in 2020–2024 (+49.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in New Paris?
The median renting household in New Paris, IN earns $54,179 (±$15,511) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New Paris CDP, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — New Paris CDP, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Paris CDP, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — New Paris CDP, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Paris CDP, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Paris CDP, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for New Paris CDP, Indiana (place:53370, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in New Paris at a glance
- Home values in New Paris
- Homeowner costs in New Paris
- Property taxes in New Paris
- Types of homes in New Paris
- Age of homes in New Paris
- Heating fuel in New Paris
- Commute and cars in New Paris
- Population growth in New Paris
- How long people stay in New Paris
- Indiana landlord and tenant rules
- Housing across Elkhart County
- Indiana places ranked by median household income
- Housing data for every place in Indiana