Newstead, NY is a small town located along the Niagara River. It is known for its picturesque views and proximity to Buffalo. The town has a population of under 2,000 people, making it an ideal spot for those looking for a peaceful getaway. In terms of affordability, the two bedroom rent in Newstead is $1,010 per month compared to the US average of $1,430 per month. Additionally, the grocery cost index here is 102 compared to the US average of 100. There are several local businesses around such as Newstead Hardware, Milton's Music Store and Burch Farms Flea Market. In terms of amenities, there is also a public pool that can be enjoyed in summer and several parks with trails for outdoor enthusiasts to explore.
Newstead has an unemployment rate of 7.2%. The US average is 6.0%.
Newstead has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Newstead
- The Sales Tax Rate for Newstead is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Newstead 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 Newstead
- The average income of a Newstead resident is $29,580 a year. The US average is $28,555 a year.
- The Median household income of a Newstead resident is $65,175 a year. The US average is $69,021 a year.