Newburgh, IN is a charming small town located near the Ohio River in the Hoosier State. It is known for its quaint downtown area and historic sites. The city also offers a variety of recreational amenities such as parks, golf courses, tennis courts, and trails. The economy of Newburgh is supported by several major employers including General Electric, Vectren Corporation, and Deaconess Health System. With its affordable housing costs and low grocery cost index compared to the US average, it is easy to see why many people are choosing Newburgh as their home. A few local attractions worth visiting include the Newburgh Museum of Art and History, Angel Mounds State Historic Site, and Newburgh Rivertown Trail.
Newburgh has an unemployment rate of 3.7%. The US average is 6.0%.
Newburgh has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Newburgh
- The Sales Tax Rate for Newburgh is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newburgh is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newburgh
- The average income of a Newburgh resident is $31,745 a year. The US average is $28,555 a year.
- The Median household income of a Newburgh resident is $67,328 a year. The US average is $69,021 a year.