Newburg, ND is a small city in North Dakota with a population of around 3,000 people. The cost of living in Newburg is below average when compared to the US as a whole – specifically for renting, which costs on average about $810 for two bedrooms, versus $1,430 across the nation. Grocery items are also cheaper in Newburg as the grocery cost index is 94 compared to 100 in the US. \nSome local companies in Newburg include J&J Automotive Services, Dutchmen Dairy & Bakery, and KK Electric. All three provide essential services that help keep the community running efficiently and affordably. The overall cost of living in Newburg is quite low and this makes it a great place to live if you are looking for an affordable home.
Newburg has an unemployment rate of 7.5%. The US average is 6.0%.
Newburg has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Newburg
- The Sales Tax Rate for Newburg is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Newburg is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newburg
- The average income of a Newburg resident is $23,690 a year. The US average is $28,555 a year.
- The Median household income of a Newburg resident is $46,250 a year. The US average is $69,021 a year.