New Square is predominantly inhabited by Hasidic Jews, specifically the Skverer Hasidic group. This demographic composition influences the neighborhood's character, lifestyle, and community dynamics. The rapid population growth can be attributed to high birth rates and a tendency to remain within the village.

The lifestyle in New Square is influenced by religious observance and cultural traditions. This may affect infrastructure needs, such as synagogues, religious schools, and kosher food establishments. The high population density and religious homogeneity likely contribute to a strong sense of community.

Despite its urban-level population density, New Square's small total area may result in a lack of amenities typically associated with dense urban environments. Residents might rely more on walking or community-organized transportation for daily activities.

The consistent population growth suggests ongoing challenges in housing development and infrastructure expansion. This growth pattern implies potential pressures on local resources and services, necessitating efficient urban planning and community organization.

New Square presents a case of high population density in a small area, driven by cultural and religious factors. The lifestyle likely combines aspects of dense urban living with strong community ties and religious observance, creating a distinctive social and demographic environment.