New Chicago, IN is a great place to live with affordable housing costs. According to recent statistics, the average two bedroom rental in the area is only $1,040 compared to the national average of $1,430. Furthermore, living expenses like groceries are relatively lower than the US average by 6%, making New Chicago an attractive option for those looking for affordability. The city is home to many local businesses such as Circle K convenience stores and Great Lakes Industrial Supply Company which offer goods and services unique to this area. With its desirable cost of living, New Chicago may just be the perfect place for you to call home!
New Chicago has an unemployment rate of 7.6%. The US average is 6.0%.
New Chicago has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for New Chicago
- The Sales Tax Rate for New Chicago is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Chicago is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Chicago
- The average income of a New Chicago resident is $17,892 a year. The US average is $28,555 a year.
- The Median household income of a New Chicago resident is $53,698 a year. The US average is $69,021 a year.