Newton, AL is an affordable town located in the state of Alabama. The cost of living is quite low, with a two bedroom rent being only $720 per month, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Newton is 97 versus 100 in the US. Although it has an affordable cost of living, there are still plenty of activities for people to enjoy in their free time. Popular local companies include Lowe's Grocery store and Newton Automotive Industry. There are also many interesting places to explore such as the Lakeland Nature Preserve and Tiger Stadium. All in all, Newton is an ideal place to live if you're looking for a laid-back lifestyle with plenty to do.
Newton has an unemployment rate of 3.1%. The US average is 6.0%.
Newton has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Newton
- The Sales Tax Rate for Newton is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Newton is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newton
- The average income of a Newton resident is $22,865 a year. The US average is $37,638 a year.
- The Median household income of a Newton resident is $58,594 a year. The US average is $69,021 a year.