\nNewburg, MO is a small town with a population of about 8,000 people. The cost of living in Newburg, MO is quite affordable as the average rent for a 2 bedroom apartment is only $880 per month compared to the US average of $1,430 per month. Grocery costs are also lower in Newburg than the national average with an index rating of 94 compared to 100. \nThe town has several local businesses including a pizzeria called Mamma Mia's, a flower shop called Daisy's Bouquets and an electronics store called Byte Tech. There are also several independent stores that specialize in antiques, crafts and home goods. These businesses provide residents with unique items not found elsewhere and help contribute to the strong sense of community pride that defines Newburg.
Newburg has an unemployment rate of 3.7%. The US average is 6.0%.
Newburg has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Newburg
- The Sales Tax Rate for Newburg is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Newburg is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newburg
- The average income of a Newburg resident is $19,890 a year. The US average is $37,638 a year.
- The Median household income of a Newburg resident is $19,464 a year. The US average is $69,021 a year.