Newton Falls, OH is a small city located in Trumbull County. With a population of approximately 5,430 people, and a median income of $44,478, Newton Falls is an attractive place to live and to work. The cost of living in Newton Falls is lower than it is nationally. The average rent for a two-bedroom apartment here costs $820 compared to the US average of $1,430. Grocery prices are also more affordable here; the Grocery Cost Index in Newton Falls is 95 versus the national average of 100.
Newton Falls offers its residents a number of employment opportunities with businesses such as McLaughlin Restoration Company, Metzger's Market & Deli, and Heffren's Plumbing & Heating Inc., just to name a few. The city also has several parks and recreational areas that make it an enjoyable place to live. All in all, these factors make Newton Falls an affordable yet enjoyable place to live or work.
Newton Falls has an unemployment rate of 6.4%. The US average is 6.0%.
Newton Falls has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Newton Falls
- The Sales Tax Rate for Newton Falls is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Newton Falls is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newton Falls
- The average income of a Newton Falls resident is $22,348 a year. The US average is $28,555 a year.
- The Median household income of a Newton Falls resident is $47,241 a year. The US average is $69,021 a year.