New Bremen, OH is a small city in the Midwest region of the United States. It is known for its low cost of living and friendly atmosphere. The average two bedroom rent here is only $800 compared to a national average of $1,430. Additionally, grocery costs are also relatively inexpensive with an index score of 99 versus 100 nationally.
New Bremen is home to several successful businesses and organizations such as Crown Equipment Corporation, G&G Manufacturing Company, Farmer’s Brothers Coffee Company and NBSC Bank. These companies provide employment opportunities and help fuel the local economy.
As well as a vibrant business community, New Bremen boasts many attractions that visitors can enjoy. Nature lovers can explore the New Bremen Bike Path which winds through the countryside or take a day trip to nearby Lake Loramie State Park. Other popular activities include visiting historical sites such as the Canal Museum or attending one of the many festivals held throughout the year like Oktoberfest and Summerfest.
New Bremen has an unemployment rate of 3.3%. The US average is 6.0%.
New Bremen has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for New Bremen
- The Sales Tax Rate for New Bremen is 7.3%. The US average is 7.3%.
- The Income Tax Rate for New Bremen is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Bremen
- The average income of a New Bremen resident is $29,696 a year. The US average is $28,555 a year.
- The Median household income of a New Bremen resident is $80,591 a year. The US average is $69,021 a year.