Newtonia, MO is a small city located in the Midwestern United States. The population of Newtonia is relatively small, making it a great place for those who enjoy a peaceful and quiet living environment. Despite its size, the city has plenty to offer with many local businesses that provide goods and services to residents. Some of these businesses include a bakery, a deli, an ice cream shop, several restaurants, and more.
The cost of living in Newtonia is also quite affordable compared to other cities. Rent for two bedrooms in Newtonia is $750 monthly which is significantly lower than the US average rental rate of $1,430 monthly. Additionally, grocery prices are slightly cheaper with a grocery cost index of 95 compared to the US average of 100. This makes it easier for residents to save money while still enjoying all the amenities that Newtonia offers.
Newtonia has an unemployment rate of 3.9%. The US average is 6.0%.
Newtonia 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 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Newtonia
- The Sales Tax Rate for Newtonia is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Newtonia 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 Newtonia
- The average income of a Newtonia resident is $14,792 a year. The US average is $28,555 a year.
- The Median household income of a Newtonia resident is $55,000 a year. The US average is $69,021 a year.