New Miami, Ohio is a vibrant and thriving community located in the southwestern corner of the state. With its warm climate and affordable housing prices, New Miami has become a sought-after destination for many home seekers. The average two-bedroom rent in New Miami is $1,060 compared to the US average of $1,430. This affordability also extends to groceries with the Grocery Cost Index at 99 versus 100 in the US.
New Miami hosts a variety of local businesses which contribute to the town’s character and economy. Some popular names include Western Trail Ride Adventures which offers horseback riding experiences; Naturalized Gardens which provides landscaping services; and Barely Legal Burgers, a beloved diner offering delicious burgers and shakes. With plenty of unique businesses to choose from, New Miami continues to be an attractive destination for visitors and residents alike.
New Miami has an unemployment rate of 4.1%. The US average is 6.0%.
New Miami has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for New Miami
- The Sales Tax Rate for New Miami is 6.5%. The US average is 7.3%.
- The Income Tax Rate for New Miami is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Miami
- The average income of a New Miami resident is $18,385 a year. The US average is $28,555 a year.
- The Median household income of a New Miami resident is $43,088 a year. The US average is $69,021 a year.