Newton township, KS is a great place to live with its affordable cost of living. The average rent for a two bedroom home is $800 compared to other parts of the US where it's around $1,430. This makes Newton an appealing option for those looking for cheaper alternatives. Additionally, the Grocery Cost Index in Newton township is 96 compared to the US index of 100, which shows that groceries are relatively inexpensive. In terms of businesses and industries, Newton has a variety of local companies such as Kaba American Inc., which specializes in manufacturing locks and keys, and Banker Steel Company Inc., which provides steel fabrication services. Overall, Newton is an attractive location due to its lower cost of living than many other parts of the country.
Newton township has an unemployment rate of 3.4%. The US average is 6.0%.
Newton township has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Newton township
- The Sales Tax Rate for Newton township is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Newton township is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newton township
- The average income of a Newton township resident is $24,313 a year. The US average is $28,555 a year.
- The Median household income of a Newton township resident is $83,594 a year. The US average is $69,021 a year.