New Hampton, IA is a small town with an average two-bedroom rent of $780. This rent is significantly lower than the national average of $1,430 for two-bedrooms. Additionally, the cost of groceries in New Hampton is 94 compared to 100 nationally. Several companies are located in and around New Hampton such as Hy-Vee Grocery Store, NAPA Auto Parts, and Bank of New Hampton. These businesses provide essential services to local residents and create economic opportunities for those living in the area.
New Hampton has an unemployment rate of 4.1%. The US average is 6.0%.
New Hampton has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for New Hampton
- The Sales Tax Rate for New Hampton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Hampton is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Hampton
- The average income of a New Hampton resident is $22,083 a year. The US average is $28,555 a year.
- The Median household income of a New Hampton resident is $49,375 a year. The US average is $69,021 a year.