Newtown borough, PA is a great place to live and work. It has many local businesses, such as The Market at Newtown Square for groceries and the Newtown Theater Company for entertainment. There is also plenty to do in the area, from visiting Neshaminy State Park for outdoor activities to shopping at the nearby stores in the Newtown Shopping Center. Rent prices for two bedroom apartments are quite reasonable at $2,200 per month, and the grocery cost index is 112 versus 100 in the US. With so much to offer it's no wonder why people choose Newtown borough as their home.
Newtown has an unemployment rate of 6.1%. The US average is 6.0%.
Newtown 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 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Newtown
- The Sales Tax Rate for Newtown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newtown is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newtown
- The average income of a Newtown resident is $57,824 a year. The US average is $28,555 a year.
- The Median household income of a Newtown resident is $132,031 a year. The US average is $69,021 a year.