New Sharon, IA is a vibrant community with plenty of amenities and activities for its residents. The town is affordable with 2 bedroom rent being $810 compared to the US average of $1,430. Groceries are also cheaper here than in the rest of America with a cost index of 95 compared to 100 in the US. Local businesses and attractions in New Sharon include Right Price Foods grocery store, Hillcrest Family Fun Center for recreation, and A&A Jewelry Repair for those looking to fix their precious jewelry items. With plenty of industry, entertainment and dining options available in New Sharon, it’s no surprise that so many people choose to call this Iowa town home.
New Sharon has an unemployment rate of 3.9%. The US average is 6.0%.
New Sharon has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for New Sharon
- The Sales Tax Rate for New Sharon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Sharon 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 Sharon
- The average income of a New Sharon resident is $24,742 a year. The US average is $28,555 a year.
- The Median household income of a New Sharon resident is $63,250 a year. The US average is $69,021 a year.