Newport, WI is a small city located in Sheboygan County. It has a population of around 3,000 people and offers a peaceful lifestyle for its residents. The cost of living is lower than the national average with 2 bedroom rent averaging $1,020 compared to the US average of $1,430. Grocery costs are also lower at 94 compared to the national index of 100.
Newport has plenty to offer its residents from local businesses such as Heidel House Resort & Spa which provides luxurious accommodation as well as activities like golfing and fishing on their private lake. There are also several popular events such as Oktoberfest that happen every year and provide entertainment for all ages. Other points of interests include the Newport Historic Lighthouse Museum which showcases over 100 years of local history and Wisconsin Maritime Museum which teaches about Sheboygan's maritime heritage.
Newport has an unemployment rate of 4.6%. The US average is 6.0%.
Newport has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Newport
- The Sales Tax Rate for Newport is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Newport is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newport
- The average income of a Newport resident is $32,091 a year. The US average is $28,555 a year.
- The Median household income of a Newport resident is $71,250 a year. The US average is $69,021 a year.