New Maine, MN is a small city located in Minnesota with an estimated population of 8,000 people. The cost of living in New Maine is quite low compared to other US cities. The median rent for a two bedroom apartment is only $820 per month, which is much lower than the US average of $1,430 per month. Additionally, the grocery cost index in New Maine is 96 versus 100 in the US, making groceries more affordable.
The city of New Maine offers many amenities including parks, restaurants and various businesses such as B & B Landscaping Company, Sunnyside Café and K’s Carpets & Flooring. There are also several large shopping centers featuring nationally renowned stores like Walmart and Target that offer great deals on everyday items. All these options make it easy to find what you need at a reasonable price without having to travel too far from home.
New Maine has an unemployment rate of 6.6%. The US average is 6.0%.
New Maine has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for New Maine
- The Sales Tax Rate for New Maine is 6.9%. The US average is 7.3%.
- The Income Tax Rate for New Maine is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Maine
- The average income of a New Maine resident is $25,747 a year. The US average is $28,555 a year.
- The Median household income of a New Maine resident is $90,000 a year. The US average is $69,021 a year.