Newton, UT is a small and unique community located on the outskirts of Utah. It has an estimated population below 1,000. The area is known for its stunning natural beauty and ideal climate all year round. In terms of cost of living, Newton is generally considered very affordable with 2 bedroom rent going for $810 compared to the US average of $1,430. Similarly, grocery costs are 92 on the index compared to the national average of 100.
One major employer in Newton is Cottonwood Creek Farms which provides employment opportunities in agriculture and farming. Other employers include White Mountain Oilfield Services and JPW Plumbing & Heating Ltd., both offering services related to oilfield operations and plumbing respectively. There are also many businesses and shops that serve the local community like Little Joe's Barbershop, Giddy Up Boutique, Thrifty Cowboys Store & More, and Totem Automotive Parts & Service Center.
Newton has an unemployment rate of 2.0%. The US average is 6.0%.
Newton has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Newton
- The Sales Tax Rate for Newton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newton is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newton
- The average income of a Newton resident is $19,834 a year. The US average is $28,555 a year.
- The Median household income of a Newton resident is $66,125 a year. The US average is $69,021 a year.