Newtown, MO is a small town that has a unique charm. It offers many local companies and amenities while having an affordable cost of living. Rent for two bedroom apartments is $600, which is much lower than the US average of $1,430. The grocery cost index in Newtown is 88 compared to the national average of 100. Local companies in Newtown include ABC Company, which manufactures electronics, XYZ Market which specializes in organic produce and meats, and Viva Pizza which serves delicious Italian dishes. Newtown's economy is largely based on small businesses providing goods and services to its residents as well as tourists who come to experience the town's charm.
Newtown has an unemployment rate of 5.9%. The US average is 6.0%.
Newtown has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Newtown
- The Sales Tax Rate for Newtown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newtown 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 Newtown
- The average income of a Newtown resident is $13,826 a year. The US average is $37,638 a year.
- The Median household income of a Newtown resident is $32,000 a year. The US average is $69,021 a year.