Newberg, MI is a small city located in Michigan with a population that is not included. The 2 bedroom rent in Newberg, MI is $1,000 compared to the US average which is $1,430. Additionally, the Grocery Cost Index in Newberg, MI is 92 versus 100 in the US making it an attractive place for people looking for lower cost of living. In terms of businesses there are several local companies such as EZ Auto Sales & Services, SS Tax Service LLC Office and L & L Property Management that offer great services to the community. All in all, Newberg offers an affordable living experience due to its lower rent prices and grocery costs compared to other cities.
Newberg has an unemployment rate of 5.2%. The US average is 6.0%.
Newberg has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Newberg
- The Sales Tax Rate for Newberg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newberg is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newberg
- The average income of a Newberg resident is $32,832 a year. The US average is $37,638 a year.
- The Median household income of a Newberg resident is $64,063 a year. The US average is $69,021 a year.