Newman, ND Economy


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Newman, ND is a small town located in the midwest region of the United States. It is known for its rural scenery and low cost of living. The average 2 bedroom rent price in Newman, ND is $950, which is significantly lower than the national average of $1,430. Similarly, the grocery cost index in Newman, ND is 98 compared to 100 nationally. Local attractions and companies include Fluffy Butte Farms which offers Emu oil products made from local ingredients, and Little Choo Choo Playground and Park where families can have fun together. Overall, Newman, ND is an affordable place to live with plenty of things to do.

Newman has an unemployment rate of 6.0%. The US average is 6.0%.

Newman has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.

Tax Rates for Newman
- The Sales Tax Rate for Newman is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Newman 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 Newman
- The average income of a Newman resident is $24,220 a year. The US average is $28,555 a year.
- The Median household income of a Newman resident is $59,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewman, North DakotaUnited States
  66
  -3.9%-6.2%
  11.1%33.5%
  5.5%6.2%
  2.0%4.6%
  $40,539$37,638
  $59,500$69,021
  $59,250$85,028
  Population by Occupation
  30.0%1.2%
  20.0%0.5%
  0.0%6.8%
  40.0%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  10.0%4.8%
  0.0%4.7%
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