New Haven, WV is a small town located in the Appalachian region. It is an affordable place to live, with rent for a two-bedroom apartment being only $720 per month compared to the national average of $1,430. Furthermore, the cost of goods in New Haven is lower than most places in the US, with a Grocery Cost Index of 96 compared to 100.
The town has seen an influx of businesses and companies over recent years due to its affordability and natural beauty. Some of the local businesses include Abbey Road Farm, a small family farm producing olive oil and vegetable products; Red Dog Coffee Roasters, which specializes in organic and fair-trade coffee roasting; and Two Rivers Timber Company which offers custom cut lumber and other wood products.
New Haven has an unemployment rate of 6.6%. The US average is 6.0%.
New Haven has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for New Haven
- The Sales Tax Rate for New Haven is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Haven is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Haven
- The average income of a New Haven resident is $20,958 a year. The US average is $28,555 a year.
- The Median household income of a New Haven resident is $49,583 a year. The US average is $69,021 a year.