New Buffalo is a very small city located in the state of Michigan. With a population of 1,697 people and two associated neighborhoods, New Buffalo is the 385th largest community in Michigan.
New Buffalo home prices are not only among the most expensive in Michigan, but New Buffalo real estate also consistently ranks among the most expensive in America.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.52% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that New Buffalo is a major vacation destination. Much of the city’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, New Buffalo’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Residents will find that the city is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, New Buffalo is worth considering.
The education level of New Buffalo citizens is very high relative to the national average among all cities (21.84%): 36.68% of adults in New Buffalo have a bachelor's degree or even advanced degree.
The per capita income in New Buffalo in 2022 was $52,528, which is wealthy relative to Michigan and the nation. This equates to an annual income of $210,112 for a family of four. However, New Buffalo contains both very wealthy and poor people as well.
The people who call New Buffalo home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Buffalo residents report their race to be White, followed by Native American. Important ancestries of people in New Buffalo include German, Irish, Polish, Italian, and English.
The most common language spoken in New Buffalo is English. Other important languages spoken here include Spanish and Slavic languages.