Newton, MS is a small, scenic city located in central Mississippi. It has the charm of a rural town with the amenities of a larger city. The cost of living is much lower than the national average, making Newton an attractive option for prospective homebuyers or renters. Two-bedroom rent in Newton is only $820 per month compared to the US average of $1,430. Grocery costs are also cheaper in Newton; the grocery cost index is 96 versus 100 nationally.
The local economy is vibrant with multiple employers such as East Mississippi Motors and Fresh Start Industries providing plenty of job opportunities. There are also plenty of attractions including the local farmers market, museums, and parks to explore. Nature lovers can take advantage of nearby forest trails and lakeside views at Noxubee National Wildlife Refuge just a short drive away. With its convenient location and affordability, Newton makes an ideal place for those looking to relocate.
Newton has an unemployment rate of 6.1%. The US average is 6.0%.
Newton has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 15.2%, which is lower than the US average of 33.5%.
Tax Rates for Newton
- The Sales Tax Rate for Newton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newton is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newton
- The average income of a Newton resident is $20,146 a year. The US average is $37,638 a year.
- The Median household income of a Newton resident is $29,595 a year. The US average is $69,021 a year.