Newberry, FL is a small town located in Alachua County. It is well known for its thriving business district and vibrant culture. Businesses such as Newberry Bistro, The Newberry Arms Hotel, and Sunshine Outfitters are popular among locals and visitors alike. There are also plenty of entertainment options such as the Newberry Arts Center and the historic Granada Theatre. In addition to these local businesses, Newberry offers affordable housing costs with an average two-bedroom rent of $1,170 compared to the US average of $1,430. Grocery costs are also quite reasonable with a grocery cost index score of 100 which is the same as the national average. All in all, Newberry is an excellent place to live that offers its inhabitants great value for money.
Newberry has an unemployment rate of 4.0%. The US average is 6.0%.
Newberry has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Newberry
- The Sales Tax Rate for Newberry is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Newberry is 0.0%. 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 $24,547 a year. The US average is $28,555 a year.
- The Median household income of a Newberry resident is $71,734 a year. The US average is $69,021 a year.