New Knoxville, OH is a small city located in the Midwest. It is known for its friendly community and affordability of living. The average rent for a two bedroom apartment in New Knoxville is $820 which is significantly less than the US average of $1430. This makes it an attractive option for those looking for more affordable housing options. Additionally, New Knoxville has a lower grocery cost index than the US national average at 97 versus 100. This also makes it an attractive place to live for individuals who want to save money on food costs while still having access to a variety of local businesses such as Buckeye State Bank, New Knoxville Hardware, JB Custom Cabinet Design, and Jester's Creek Brewery. The cost of living data available suggests that New Knoxville is an excellent choice for those seeking an affordable yet fulfilling life in a close-knit community.
New Knoxville has an unemployment rate of 3.3%. The US average is 6.0%.
New Knoxville 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 Knoxville
- The Sales Tax Rate for New Knoxville is 7.3%. The US average is 7.3%.
- The Income Tax Rate for New Knoxville 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 Knoxville
- The average income of a New Knoxville resident is $29,967 a year. The US average is $28,555 a year.
- The Median household income of a New Knoxville resident is $69,821 a year. The US average is $69,021 a year.