Newfield, NY is a vibrant city with a wide variety of businesses and amenities. Many local companies are based in the area, including Newfield Industries, a manufacturing company that produces a variety of electronics components; JB Green Grocery Store, which has been providing fresh produce and other groceries to the community for over fifty years; and Eastside Auto Sales, which specializes in used cars. The cost of living in Newfield is lower than the US average for rent and grocery costs. Rent for a two-bedroom apartment averages at $1,270 compared to $1,430 nationally while the Grocery Cost Index remains even with an index score of 100 in both Newfield and the US.
Newfield has an unemployment rate of 4.7%. The US average is 6.0%.
Newfield has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Newfield
- The Sales Tax Rate for Newfield is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Newfield is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newfield
- The average income of a Newfield resident is $24,542 a year. The US average is $28,555 a year.
- The Median household income of a Newfield resident is $62,607 a year. The US average is $69,021 a year.