2025 Compare Cities Economy:
Newton, IA vs Schaumburg, IL

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Highlights
- Household income in Schaumburg, is 67% more than it is in Newton and is 19% above the National Average.
- Newton unemployment rate is 4.5%.
- Schaumburg unemployment rate is 5.3%.
 Newton, IASchaumburg, ILUnited States
 Unemployment Rate  Unlock5.3%6.0%
 Recent Job Growth  Unlock-0.2%1.6%
 Future Job Growth30.8%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$27,276  Unlock$37,638
 Household Income  Unlock$85,147$69,021
 Family Median Income$59,393  Unlock$85,028
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 Est. Households By Income
 Newton, IASchaumburg, ILUnited States
 Income Less Than 15K  Unlock5.4%9.4%
 Income between 15K and 20K4.4%  Unlock3.8%
 Income between 20K and 30K  Unlock5.0%8.1%
 Income between 30K and 40K10.6%  Unlock8.0%
 Income between 40K and 50K  Unlock7.0%7.6%
 Income between 50K and 60K12.6%  Unlock7.2%
 Income between 60K and 75K  Unlock11.6%9.6%
 Income between 75K and 100K8.6%  Unlock12.8%
 Income between 100K and 150K  Unlock20.8%16.3%
 Income between 150K and 200K4.0%  Unlock7.8%
 Income greater than 200K  Unlock8.9%9.5%
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 Population By Occupation
 Newton, IASchaumburg, ILUnited States
 Management, business, finance11.5%  Unlock16.4%
 Engineering, computers, science  Unlock12.3%6.5%
 Community, social services0.7%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library6.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.4%2.0%
 Healthcare practitioners and technology3.6%  Unlock6.2%
 Healthcare support  Unlock2.4%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock3.5%5.4%
 Building maintenance2.2%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support23.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair7.5%  Unlock8.1%
 Production, transportation, material moving  Unlock10.5%13.1%
Reviews for Newton    2 Reviews

Over 12 years ago

Having lived in Newton for over 23 years, I have seen the face of the community change. It hasn't always been good change, but the town has done much to try to make up  More

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Over 15 years ago

Winters here tend to be cold, with moderate amount of snowfall, starting around Nov-Dec and reaching into Mar-April. Spring generally starts out cold, but warms quickly  More

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Reviews for Schaumburg    10 Reviews

Nice middle-class community. Excellent schools. Excellent variety in retail establishments. Very good park district with plentiful activities, classes, and three outdoor  More

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Schaumburg, Schaumburg, it's Ok, I guess I don't have much to  More

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At 11% sales tax I believe that Cook County, IL. is the highest in the country. The cost of gasoline is bumped by this as well as the use of smog formulated fuel which  More

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