New Market, IA is a small town located in Iowa. It is known for its friendly atmosphere and its low cost of living. The two bedroom rent in New Market, IA is $800, which is significantly lower than the average US 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in New Market is 93 compared to 100 in the US making it an affordable place to live. Some local companies include Diamond Jo Casino, Hy-Vee and Casey's General Store. All of these businesses provide great services to the community and help keep the cost of living low while giving citizens employment options.
New Market has an unemployment rate of 3.3%. The US average is 6.0%.
New Market has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, 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 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 Market
- The average income of a New Market resident is $23,571 a year. The US average is $28,555 a year.
- The Median household income of a New Market resident is $50,278 a year. The US average is $69,021 a year.