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New Harmony, IN Profile: Facts & Data

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New Harmony, Indiana - Basic Facts

The Town of New Harmony had a population of 787 as of July 1, 2020. New Harmony ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for New Harmony is located at latitude 38.1298 and longitude -87.935 in Posey County. The formal boundaries for the Town of New Harmony encompass a land area of 0.75 sq. miles and a water area of 0.01 sq. miles. Posey County is in the Central time zone (GMT -6). The elevation is 381 feet.

The Town of New Harmony (GNIS ID: 2396802) 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 New Harmony is located within Township of Harmony, a minor civil division (MCD) of Posey County.

Alternate Unofficial Names for New Harmony: Harmonie, Harmony.

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New Harmony, IN Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 787 (100%)
Population in Households 773 (98.2%)
Population in Families 561 (71.3%)
Population in Group Quarters1 14 ( 1.8%)
Population Density 966
Diversity Index2 4
 
 

INCOME

Median Household Income $53,445
Average Household Income $65,318
% of Income for Mortgage4 12%
Per Capita Income $33,054
Wealth Index5 63
 

HOUSING

Total HU (Housing Units) 473 (100%)
Owner Occupied HU 236 (49.9%)
Renter Occupied HU 142 (30.0%)
Vacant Housing Units 95 (20.1%)
Median Home Value $148,404
Average Home Value $182,553
Housing Affordability Index3 225
 

HOUSEHOLDS

Total Households 378
Average Household Size 2.04
Family Households 202
Average Family Size 3
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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population -0.02% 0.08%
Households 0.21% 0.32%
Families 0.4% 0.1%
Median Household Income   -0.11%
Per Capita Income   0.55%
Owner Occupied HU   0.25%

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New Harmony, IN - Peer Comparisons by Rank and Percentile

The table below compares New Harmony to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 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 # 384 44th
Population Density # 442 35th
Median Household Income # 351 48th
Housing Affordability Index # 185 27th
Per Capita Income # 107 84th
Diversity Index # 658 3rd

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

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