New Holland, OH is a small town located in the heart of Ohio. It is a great place to call home for those who are looking for a quiet atmosphere with plenty of amenities in close proximity. The average 2 bedroom rent is $980 which is significantly lower than the US average at $1,430. Groceries are also quite inexpensive in New Holland with the grocery cost index at 95 compared to 100 in the US.
The town has several local companies that contribute to the economy such as Heartland Growers, Mac Tools, Buckeye Fabric Finishing, and Ohio Machine Shop. There are also plenty of restaurants and retail stores for residents to enjoy including multiple grocery stores, family-owned restaurants, cafes and other specialty shops.
Overall, New Holland offers an affordable cost of living compared to many other towns. With its reasonable rent prices and low grocery costs, it’s easy to make ends meet while also enjoying all that this small town has to offer.
New Holland has an unemployment rate of 4.2%. The US average is 6.0%.
New Holland has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for New Holland
- The Sales Tax Rate for New Holland is 7.3%. The US average is 7.3%.
- The Income Tax Rate for New Holland is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Holland
- The average income of a New Holland resident is $20,254 a year. The US average is $28,555 a year.
- The Median household income of a New Holland resident is $35,000 a year. The US average is $69,021 a year.