New Square is a somewhat small village located in the state of New York. With a population of 9,973 people and two associated neighborhoods, New Square is the 192nd largest community in New York. Much of the housing stock in New Square was built relatively recently. The construction of new real estate can often be taken as an indication that the local New Square economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in New Square, where the median household income is $31,443.00.

New Square home prices are not only among the most expensive in New York, but New Square real estate also consistently ranks among the most expensive in America.

A relatively large number of people in New Square telecommute to their jobs. Overall, about 7.77% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.

One of the benefits of New Square is that there is very little traffic. The average commute to work is 14.36 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.

In terms of college education, New Square ranks among the least educated cities in the nation, as only 5.49% of people over 25 have a bachelor's degree or advanced degree.

The per capita income in New Square in 2022 was $12,550, which is low income relative to New York and the nation. This equates to an annual income of $50,200 for a family of four. However, New Square contains both very wealthy and poor people as well. New Square also has one of the higher rates of people living in poverty in the nation, with 58.76% of its population below the federal poverty line.

The people who call New Square home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Square residents report their race to be White, followed by Asian. Important ancestries of people in New Square include Hungarian, Polish, Trinidadian and Tobagonian, German, and Austrian.

The most common language spoken in New Square is German/Yiddish. Other important languages spoken here include English and Spanish.