New Berlin, IL is a small town with a population of around 500 people. It's cost of living is relatively low compared to the US, with a 2 bedroom rent costing $850 and the Grocery Cost Index coming in at 96. This makes it an attractive place to live for those who want affordability without sacrificing amenities. New Berlin has various local businesses such as Wausau Motorsports, Ozaukee County Sportsmen’s Club, Tower Plumbing, and New Berlin Bowl & Grill. These businesses provide residents with entertainment options as well as employment opportunities.
New Berlin has an unemployment rate of 6.3%. The US average is 6.0%.
New Berlin 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 22.7%, which is lower than the US average of 33.5%.
Tax Rates for New Berlin
- The Sales Tax Rate for New Berlin is 8.5%. The US average is 7.3%.
- The Income Tax Rate for New Berlin 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 Berlin
- The average income of a New Berlin resident is $26,617 a year. The US average is $28,555 a year.
- The Median household income of a New Berlin resident is $72,500 a year. The US average is $69,021 a year.