Newell, WV is an affordable place to live with an appealing cost of living. 2 bedroom rents in Newell are about 45% lower than the national average, costing approximately $780. Additionally, the grocery cost index in Newell is 93 as compared to 100 in the US. This makes purchasing groceries much more affordable. Numerous local businesses exist throughout the area such as The Kegler Lanes for bowling and other entertainment or The Dog House for a bite to eat. Furthermore, there is a Walmart Supercenter located close by for even further affordability and convenience. In conclusion, living in Newell can be quite economical making it an attractive option for many people searching for a place to call home.
Newell has an unemployment rate of 7.5%. The US average is 6.0%.
Newell has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Newell
- The Sales Tax Rate for Newell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newell is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newell
- The average income of a Newell resident is $19,361 a year. The US average is $28,555 a year.
- The Median household income of a Newell resident is $19,761 a year. The US average is $69,021 a year.