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New Market, TN

Learn More About New Market, TN

1.58k people called New Market, Tennessee home in 2020, with a median age of 42 and a median household income of $58,000. The population of New Market, Tennessee increased from 1,468 to 1,576 between 2019 and 2020, an increase of 7.36%, while its median household income increased from $56,711 to $58,000, an increase of 2.27%.


White (Non-Hispanic) (93.8%), White (Hispanic) (3.68%), Black or African American (Non-Hispanic) (1.14%), Two+ (Non-Hispanic) (0.952%), and Asian (Non-Hispanic) (0.317%) make up the five major ethnic groups in New Market, Tennessee.


None of the households in New Market, Tennessee indicated that their primary shared language was anything other than English. Only the principal self-reported language used by all household members is taken into account here, not the potential multilingual character of households.


Americans make up 98.5% of the population in New Market, Tennessee.


New Market, Tennessee had a $127,100 median home value and a 78.9% homeownership rate in 2020. The majority of residents of New Market, Tennessee commuted alone by car, and the trip took an average of 24.9 minutes. In New Market, Tennessee, there were typically 2 automobiles per household.

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Diversity

1.58k people call New Market, Tennessee home, of which 98.5% are citizens. 2.6% of New Market, Tennessee, residents were foreign-born as of the year 2020. (41 people).


In New Market, Tennessee, White (non-Hispanic) residents made up 1.48k of the population in 2020, which was 25.5 times greater than any other race or ethnicity. The second and third most prevalent ethnic groups were White (Hispanic) with 58 residents and Black or African American (Non-Hispanic) with 18 residents.


Ethnicity and Race

In New Market, Tennessee, White (non-Hispanic) residents made up 1.48k of the population in 2020, which was 25.5 times greater than any other race or ethnicity. The second and third most prevalent ethnic groups were White (Hispanic) with 58 residents and Black or African American (Non-Hispanic) with 18 residents.


In New Market, Tennessee, 3.68% of the population is Hispanic (58 people).


Population Born Abroad

2.6% of New Market, Tennessee citizens (41 persons) were foreign-born as of 2020, which is less than the 13.5% national average. In New Market, Tennessee, there were 3.68% citizens who were foreign-born in 2019, indicating a declining rate.


By Nativity, Age

The average age of all residents in New Market, Tennessee, in 2020 was 42. With a median age of 42, residents who were born in the United States were typically younger than those who were born abroad, who had a median age of 49. However, the population of New Market, Tennessee, is aging. The average age of all people living in New Market, Tennessee, in 2019 was 42.


Worldwide Diversity

Mexico was the nation of birth of 88,072 Tennessee people who were foreign-born as of the year 2020, followed by India with 23,811 and Guatemala with 14,944.


Citizenship

98.5% of people in New Market, Tennessee were US citizens as of 2020, which is higher than the 93.4% national average. In New Market, Tennessee, 97.2% of people identified as US citizens in 2019, indicating a rising citizenship rate.


Veterans

New Market, Tennessee has 6.2 times more military members than any other conflict who participated in the Gulf War (1990s).


Economy

In Tennessee, the average income of men is $1.37 times greater than that of women, who earn $46,310 on average. Tennessee's level of income inequality, as determined by the Gini index, is 0.463, which is lower than the national average.


846 individuals work in New Market, Tennessee's economy. Educational services employ 150 people, retail trade employs 132 people, and manufacturing employs 120 people in New Market, Tennessee. Retail trade pays the highest wages ($65,512), followed by transportation & warehousing & utilities ($58,214), and agriculture, forestry, fishing & hunting & mining ($53,636).

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