Newark, WI is an idyllic small town located in Wisconsin. It offers a relaxed, rural lifestyle with the convenience of all the amenities of modern living. 2 bedroom rent in Newark is considerably lower than the US average at $1,020 compared to $1,430. Additionally, grocery cost index in Newark is 90 compared to 100 in the US. This makes living in Newark very affordable for its residents. \nLocal companies in Newark include Carter-Rice Lumber Company, Leopold Lumber Company, and Thompson & Son Construction Co., Inc. These companies provide employment opportunities for many locals and help fuel the local economy. In addition to these businesses, there are a variety of other shops and stores that make it easy for residents to find everything they need while living in this quaint area of Wisconsin.
Newark has an unemployment rate of 5.1%. The US average is 6.0%.
Newark has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Newark
- The Sales Tax Rate for Newark is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Newark 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 Newark
- The average income of a Newark resident is $30,224 a year. The US average is $28,555 a year.
- The Median household income of a Newark resident is $89,375 a year. The US average is $69,021 a year.