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The total population of Newfane town is estimated to be 1,663 with 794 males (47.75%) and 869 females (52.25%). There are 75 more females than males in Newfane town.
The median household income in Newfane town was $64,630 in 2021, which marked an an increase of 2,408(3.87%) from $62,222 in 2020. This income is 86.63% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Newfane town sees its highest median household income among householders in the age group of 45 to 64 years old, at $73,476. Overall, the median household income for the town of Newfane town stands at $64,630.
In Newfane town, the median income for all workers aged 15 years and older, regardless of work hours, was $44,872 for males and $30,401 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,330 for males and $53,440 for females.
In Newfane town, there are just two different racial groups among households. Among these, White households report a median household income of $65,530, while Two or More Races households have a median household income of $39,634.
In 2022, the population of Newfane town was 1,655, a 0.48% decrease year-by-year from 2021. Previously, in 2021, Newfane town's population was 1,663, an increase of 1.22% compared to a population of 1,643 in 2020.
The median age in Newfane Town, Vermont is 51.6, as per 2021 ACS 5-Year Estimates. Of the total population, 14.39% were under the age of 15, 10.90% aged 15 to 29, 51.91% aged 30 to 64, 20.42% aged 65 to 84, and 2.38% were 85 years of age and older.
Racial distribution of Newfane town population: 98.62% are White, 0.33% are Asian, 0.17% are some other race and 0.89% are multiracial.