Newland, NC is a small town in the state of North Carolina. Rent for two bedrooms is significantly lower than the US average, making it an attractive place to live. The cost of groceries is also more affordable when compared to national averages, with a grocery cost index of 97 versus 100 in the US. Newland is home to several major companies, including Realtymarts Inc, Wade Transport Company and Lockwood Mining Corporation. These businesses provide many local jobs and contribute to the economy of Newland and its surrounding community.
Newland has an unemployment rate of 4.1%. The US average is 6.0%.
Newland has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.
Tax Rates for Newland
- The Sales Tax Rate for Newland is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Newland is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newland
- The average income of a Newland resident is $19,329 a year. The US average is $28,555 a year.
- The Median household income of a Newland resident is $36,154 a year. The US average is $69,021 a year.