New Holland, IL is a small city located in central Illinois. It is known for its friendly atmosphere and low cost of living. The average two bedroom rental cost in New Holland is $820, compared to the US national average which is $1,430. In addition, grocery prices are significantly lower here than the rest of the country, making it an ideal place to live for those seeking to save money on monthly bills. The city also offers many amenities and services that add value to local residents. Some of the most popular businesses include a variety of restaurants and cafes like Pause Coffee House & Eatery, Chili's Grill & Bar, and Sycamore Coffee House; as well as an auto repair shop called Red Dot Auto Repair. Additionally, there are plenty of parks and trails available for outdoor activities like fishing and camping. With its affordable housing options and great shopping opportunities, New Holland is an excellent place to call home.
New Holland has an unemployment rate of 5.2%. The US average is 6.0%.
New Holland has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for New Holland
- The Sales Tax Rate for New Holland is 8.3%. The US average is 7.3%.
- The Income Tax Rate for New Holland 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 Holland
- The average income of a New Holland resident is $27,979 a year. The US average is $28,555 a year.
- The Median household income of a New Holland resident is $75,000 a year. The US average is $69,021 a year.