New Bedford, IL is a small city located in the central region of the United States. The city has a relaxed atmosphere and offers affordable rents for two bedroom apartments at just $750 per month. Moreover, it also has a lower grocery cost index than the national average, with 90 versus 100 in the US. New Bedford serves as home to many companies such as JBJ Business Solutions, Outlaw Logistics LLC, Steel Horse Solutions Inc., and ML Olson Consulting LLC, all of which provide unique services to their local community members.
New Bedford has an unemployment rate of 6.3%. The US average is 6.0%.
New Bedford has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for New Bedford
- The Sales Tax Rate for New Bedford is 6.8%. The US average is 7.3%.
- The Income Tax Rate for New Bedford 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 New Bedford
- The average income of a New Bedford resident is $23,014 a year. The US average is $28,555 a year.
- The Median household income of a New Bedford resident is $55,000 a year. The US average is $69,021 a year.