New Palestine, IN is a small town located about 25 miles west of Indianapolis. The cost of living in New Palestine is relatively low, compared to other places in the US. The average rent for a 2-bedroom apartment is $910 while the national average 2-bedroom rent is $1,430. Similarly, the Grocery Cost Index of New Palestine is 98 compared to 100 across the US.
Local business's in New Palestine include W&W Market, Sadler’s Market and Hoke’s Drive Thru & Pizza Restaurant. These businesses offer great value for money with their frequent discounts and promotions, making it easier for people to afford life’s necessities. There are also plenty of recreational activities like camping, fishing and kayaking at local parks which makes it an ideal place to relax and enjoy nature without having to spend too much money. All these factors combined make New Palestine a great location offering low cost of living with plenty of attractions and entertainment options.
New Palestine has an unemployment rate of 3.5%. The US average is 6.0%.
New Palestine has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for New Palestine
- The Sales Tax Rate for New Palestine is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Palestine is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Palestine
- The average income of a New Palestine resident is $33,001 a year. The US average is $28,555 a year.
- The Median household income of a New Palestine resident is $80,298 a year. The US average is $69,021 a year.