New Ross, IN Economy


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New Ross, IN is a small town located in the United States with an estimated population of around 2,000 people. This peaceful town offers affordable housing as the average rent for a two-bedroom apartment is $900 in comparison to the US average of $1,430. The cost of groceries here also comes at a bargain as the Grocery Cost Index is 92 compared to 100 in the US. Some local businesses in New Ross include Swaim Furniture Inc., Wagoner Family Farms, and Doc's Barber Shop.

New Ross has an unemployment rate of 3.6%. The US average is 6.0%.

New Ross 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 Ross
- The Sales Tax Rate for New Ross is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Ross 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 Ross
- The average income of a New Ross resident is $18,246 a year. The US average is $28,555 a year.
- The Median household income of a New Ross resident is $52,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Ross, IndianaUnited States
  3.66
  -3.9%-6.2%
  24.5%33.5%
  7.0%6.2%
  5.5%4.6%
  $24,974$37,638
  $52,250$69,021
  $64,583$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.9%6.8%
  23.4%10.0%
  5.7%2.5%
  14.0%11.0%
  3.8%4.8%
  0.0%0.8%
  5.3%1.9%
  6.0%4.7%
  1.5%1.9%
  3.4%7.6%
  0.0%0.1%
  4.5%4.2%
  4.2%9.3%
  7.5%14.0%
  0.0%2.1%
  6.4%7.0%
  9.1%4.8%
  0.4%4.7%
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