East New Market, MD Profile: Facts & Data

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East New Market, Maryland - Basic Facts

The Town of East New Market had a population of 402 as of July 1, 2023.

The primary coordinate point for East New Market is located at latitude 38.599 and longitude -75.926 in Dorchester County. The formal boundaries for the Town of East New Market encompass a land area of 0.4 sq. miles and a water area of 0 sq. miles. Dorchester County is in the Eastern time zone (GMT -5).

The Town of East New Market has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of East New Market is located within District 2, East New Market, a minor civil division (MCD) of Dorchester County.


Jump to... (On This Page!)
  1. East New Market 2023 Demographic Data
  2. Growth Rates for East New Market (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Maryland Research Tools (Easy Tools & Current Data)
  3. Maryland Data Comparison Tool - 2023 Demographics
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East New Market, MD Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 402 (100%)
Population in Households 402 (100.0%)
Population in Families 314 (78.1%)
Population in Group Quarters1 0
Population Density 1,006
Diversity Index2 54
 
 

INCOME

Median Household Income $71,359
Average Household Income $104,964
% of Income for Mortgage4 15%
Per Capita Income $39,427
Wealth Index5 99
Socioeconomic Status Index6 Moderate (52.3)
 

HOUSING

Total HU (Housing Units) 192 (100%)
Owner Occupied HU 120 (62.5%)
Renter Occupied HU 31 (16.1%)
Vacant Housing Units 41 (21.4%)
Median Home Value $175,000
Average Home Value $176,042
Housing Affordability Index3 159
 

HOUSEHOLDS

Total Households 151
Average Household Size 2.66
Family Households 99
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 1.02% 0.98%
Households 1.26% 0.65%
Families   1.57%
Median Household Income   4.11%
Per Capita Income   2.98%
Owner Occupied HU   0.66%

East New Market, MD - Peer Comparisons by Rank and Percentile

The table below compares East New Market to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 404 25th
Population Density # 305 43rd
Median Household Income # 383 29th
Housing Affordability Index # 521 97th
Per Capita Income # 337 37th
Diversity Index # 205 62nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.

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