New Sharon, Iowa 

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Economy in New Sharon, Iowa

New Sharon has an unemployment rate of 4.1%. The US average is 5.2%.

New Sharon 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 36.8%, which is lower than the US average of 38.0%.

Tax Rates for New Sharon
- The Sales Tax Rate for New Sharon is 7.0%. The US average is 6.0%.
- The Income Tax Rate for New Sharon is 7.9%. The US average is 4.6%.

Income and Salaries for New Sharon
- The average income of a New Sharon resident is $24,742 a year. The US average is $28,555 a year.
- The Median household income of a New Sharon resident is $52,772 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYNew Sharon, IowaUnited States
  Unemployment Rate4.1%5.2%
  Recent Job Growth0.5%1.6%
  Future Job Growth36.8%38.0%
  Sales Taxes7.0%6.0%
  Income Taxes0.07920.046
  Income per Cap.$24,742$28,555
  Household Income$52,772$53,482
  Family Median Income$58,533$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting3.2%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction9.1%6.2%
  Manufacturing23.2%10.4%
  Wholesale trade1.6%2.7%
  Retail trade12.8%11.6%
  Transportation and warehousing2.9%4.1%
  Utilities00
  Information1.0%2.1%
  Finance and insurance3.7%4.7%
  Real estate, rental, leasing0.8%1.9%
  Professional, scientific, technical services1.1%6.7%
  Management of companies0.3%0.1%
  Administrative, support, waste mgt svcs2.8%4.3%
  Educational services7.0%9.3%
  Health care and social assistance13.5%13.8%
  Arts, entertainment, recreation0.8%2.2%
  Accommodation, food services7.6%7.4%
  Other services7.3%4.9%
  Public administration1.1%4.8%
ECONOMY MAP
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