New Lyme, WI is a thriving community located in the Midwest. With an affordable 2 bedroom rent of only $990 per month, it is an attractive option for anyone looking to live in this part of the country. The cost of living is also lower than other parts of the US; with a grocery cost index of 93 compared to 100 nationwide.
The town has many local businesses that help create jobs and stimulate the economy. There are restaurants, retail stores, art galleries, banks and other services that offer variety and convenience to local residents. Popular companies in New Lyme include Kwik Trip, Sonic Drive-In, Woodman's Grocery Store and Ace Hardware.
Transportation options are also available in this area. Public transportation includes bus lines, taxi cab services as well as ridesharing companies like Uber and Lyft. Car ownership is common here as well due to easy access to highways and roads connecting New Lyme with other cities nearby.
New Lyme has an unemployment rate of 4.2%. The US average is 6.0%.
New Lyme has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for New Lyme
- The Sales Tax Rate for New Lyme is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Lyme is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Lyme
- The average income of a New Lyme resident is $36,265 a year. The US average is $28,555 a year.
- The Median household income of a New Lyme resident is $107,083 a year. The US average is $69,021 a year.