New Market, IN is a small city located in Indiana, with a population of around 1,000 people. It is known for its economic stability, low cost of living, and vibrant local businesses. The two bedroom rent in New Market is significantly lower than the US average and groceries are also cheaper here than most parts of the country.
The city has many local companies that contribute to its strong economy such as \"The Mill\", a popular restaurant owned by the local community. Additionally, the city also has several specialty stores selling unique items from antiques to handcrafted products made by local artisans. These businesses have helped create job opportunities for people living in the area and provide an excellent source of income for their families.
Overall, New Market, IN has proven itself to be an economically stable city with a low cost of living and plenty of jobs available through its thriving business community.
New Market has an unemployment rate of 3.6%. The US average is 6.0%.
New Market has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for New Market
- The Sales Tax Rate for New Market is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Market is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Market
- The average income of a New Market resident is $19,707 a year. The US average is $28,555 a year.
- The Median household income of a New Market resident is $62,368 a year. The US average is $69,021 a year.