West Newton, MN is an attractive place to live due to its affordable housing and cost of living. According to the content above, the average 2 bedroom rent in West Newton is $1,010 per month compared with the US average of $1,430. Additionally, the Grocery Cost Index in West Newton is 96 compared with 100 in the US. For those looking for a more affordable yet comfortable lifestyle, West Newton is a great option. The town also offers plenty of local amenities and attractions such as its renowned ski resort located on Carver Mountain and a variety of shopping options at the local mall. There are many small businesses that make up the community like Donut Country Bakery and family-run restaurants like Uncle Joe’s Diner. West Newton is truly a unique and inviting place to call home.
West Newton has an unemployment rate of 3.6%. The US average is 6.0%.
West Newton has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for West Newton
- The Sales Tax Rate for West Newton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for West Newton is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for West Newton
- The average income of a West Newton resident is $35,214 a year. The US average is $28,555 a year.
- The Median household income of a West Newton resident is $85,625 a year. The US average is $69,021 a year.