Newland, ND is a rural town that offers affordable living options for those on a budget. The average two-bedroom rent in Newland is just $750, while the national average for the same is $1,430. Moreover, the Grocery Cost Index in Newland is 91 versus 100 in the US. This means that groceries are more affordable here than in most areas of the country.
The town of Newland also has many local businesses and services to offer residents. Popular shops include Gibson’s General Store, Dave’s Butcher Shop, and Janet’s Diner. In addition to these stores, there are also services like Tony’s Auto Repair and Dino’s Tax Preparation & Bookkeeping Services for those who need their assistance. With so much to offer, Newland is an ideal place for those looking to save money while enjoying a quiet lifestyle.
Newland has an unemployment rate of 4.3%. The US average is 6.0%.
Newland has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Newland
- The Sales Tax Rate for Newland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newland 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 Newland
- The average income of a Newland resident is $16,972 a year. The US average is $28,555 a year.
- The Median household income of a Newland resident is $56,667 a year. The US average is $69,021 a year.