Newborg, ND is a small town located in the Midwest. While it has a relatively small population, it offers plenty of amenities for its residents. In terms of housing, rent costs are notably lower than the national average. The average two-bedroom rental in Newborg costs $810 while the national average is $1,430. Groceries are also relatively affordable with Newborg’s grocery cost index at 95 versus 100 in the US. Notable companies in Newborg include Husky Cashew Company and Salco Foods Inc., both food-related businesses. All in all, Newborg provides an excellent cost of living that makes life more manageable for its citizens.
Newborg has an unemployment rate of 7.5%. The US average is 6.0%.
Newborg has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Newborg
- The Sales Tax Rate for Newborg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newborg is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newborg
- The average income of a Newborg resident is $34,785 a year. The US average is $28,555 a year.
- The Median household income of a Newborg resident is $72,813 a year. The US average is $69,021 a year.