Newbury, NH is a small city located in Merrimack County with a population of less than 1,000 people. The cost of living in Newbury is higher than the US average in terms of rent and groceries. For example, the average 2 bedroom rent in Newbury is $1,730 whereas the US average 2 bedroom rent is $1,430 and the grocery cost index in Newbury is 107 versus 100 in the US. Despite its small size, Newbury has a number of businesses that support its economy. Some of these local companies include Merrimack Valley Credit Union, PC Repair Guys Inc., and Sanel Auto Parts.
Newbury has an unemployment rate of 2.2%. The US average is 6.0%.
Newbury has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Newbury
- The Sales Tax Rate for Newbury is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Newbury is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newbury
- The average income of a Newbury resident is $49,521 a year. The US average is $37,638 a year.
- The Median household income of a Newbury resident is $101,989 a year. The US average is $69,021 a year.