Newtown, OH is a small city located in Hamilton County. It is known for its historic homes, quaint streets, and friendly atmosphere. The cost of living in Newtown is moderately lower than the national average. Rent for two bedrooms typically averages around $1,190 compared to the US average of $1,430. Grocery costs are 3 percent higher than the US index at 103 versus 100.
The city attracts many visitors due to its restaurants, bars, and shopping areas. Local companies include M&K Investment Company (investment services), Grist Mill Automotive (auto repair center), and Crescendo Financial Services (financial planning). Newtown also provides plenty of outdoor activities such as golfing, fishing, hiking trails and nearby parks. With its peaceful atmosphere and low-cost of living Newtown is an attractive destination for both residents and visitors alike.
Newtown has an unemployment rate of 4.4%. The US average is 6.0%.
Newtown has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Newtown
- The Sales Tax Rate for Newtown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newtown 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 Newtown
- The average income of a Newtown resident is $47,663 a year. The US average is $37,638 a year.
- The Median household income of a Newtown resident is $84,148 a year. The US average is $69,021 a year.