New Providence, IA is a small town with a population of just over 400 people. The small-town atmosphere paired with the low cost of living makes it an ideal place to live for those looking for a more laid-back lifestyle. Rent in New Providence is roughly $890 for two bedrooms, making it far lower than the US average of $1,430. Additionally, the grocery cost index here is 93 versus 100 in the US; giving even more reason to move to this quaint city. Popular local companies include Trumpy Maintenance Services and Hy-Vee Grocery Store. Overall, New Providence has great affordability and charm that attracts residents from all walks of life.
New Providence has an unemployment rate of 4.5%. The US average is 6.0%.
New Providence has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for New Providence
- The Sales Tax Rate for New Providence is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Providence is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Providence
- The average income of a New Providence resident is $23,269 a year. The US average is $28,555 a year.
- The Median household income of a New Providence resident is $68,125 a year. The US average is $69,021 a year.