Newman Grove, NE is a great location for those looking for an affordable area to live in. The 2 bedroom rent is $900 compared to the US average of $1,430. This is a great cost saving for those looking to relocate or rent out an apartment. Additionally, the Grocery Cost Index in Newman Grove is 94 versus 100 in the US, making it an even more attractive option for prospective renters and owners.
The area also boasts plenty of local activities and attractions like Mystic Hills Golf Course, Leffler Memorial Park & Pool and much more, as well as many local companies that are well known throughout Nebraska such as Newman Grove Lumber & Implement Co., Sjuts Meats Inc., Big Red Express and Smith Supply Co., just to name a few.
Overall, Newman Grove offers a high quality of life at an extremely affordable price point. It’s lower than average cost of living makes it ideal for those looking to escape the hustle and bustle of more expensive cities while still enjoying all that Nebraska has to offer.
Newman Grove has an unemployment rate of 3.2%. The US average is 6.0%.
Newman Grove has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Newman Grove
- The Sales Tax Rate for Newman Grove is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Newman Grove is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newman Grove
- The average income of a Newman Grove resident is $24,573 a year. The US average is $28,555 a year.
- The Median household income of a Newman Grove resident is $52,679 a year. The US average is $69,021 a year.