Newberry, SC is a great city to live in as it offers an affordable cost of living. The average rent for a 2 bedroom apartment in Newberry is $890, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Newberry is 93 versus 100 nationally, meaning groceries are cheaper than other areas in the country. As far as local companies go, there are several large retail stores such as Walmart and Publix that offer employment opportunities for residents. There are also several small businesses like Main Street Café and Curb Appeal Construction that serve as great sources of employment for locals. All in all, with its low costs and various job prospects, Newberry makes an ideal place to live.
Newberry has an unemployment rate of 4.0%. The US average is 6.0%.
Newberry has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Newberry
- The Sales Tax Rate for Newberry is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newberry is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newberry
- The average income of a Newberry resident is $17,604 a year. The US average is $28,555 a year.
- The Median household income of a Newberry resident is $44,330 a year. The US average is $69,021 a year.