New Haven, MO is a small city located in Franklin County that is known for its affordable housing and low grocery costs. The average rent for a two-bedroom home in New Haven was recently reported at $860 per month, which is significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in New Haven was 98 versus the US index of 100. While the cost of living in New Haven may be attractive to many people, there are some exciting business opportunities as well. Notable companies in town include Rhinefab Inc., Top Gun Products, A Plus Pest Control & Lawn Care Services, and MFA Oil Company. All in all, living in New Haven offers an affordable alternative to other nearby cities while still providing plenty of economic opportunity.
New Haven has an unemployment rate of 4.3%. The US average is 6.0%.
New Haven has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for New Haven
- The Sales Tax Rate for New Haven is 6.5%. The US average is 7.3%.
- The Income Tax Rate for New Haven is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Haven
- The average income of a New Haven resident is $18,623 a year. The US average is $28,555 a year.
- The Median household income of a New Haven resident is $60,619 a year. The US average is $69,021 a year.