Newton County, Arkansas is a great place to live and work. It offers many opportunities for employment with local companies such as Peterbilt Motors, Tractor Supply Co., Tyson Foods, and Southern Tire Mart. The cost of living in Newton County is relatively low compared to the US average. The average 2 bedroom rent in Newton is $720 which is much lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Newton County is 95 versus 100 in the US making groceries more affordable for residents. With its thriving economy and low cost of living, Newton County is an excellent place to settle down.
Newton County has an unemployment rate of 3.7%. The US average is 6.0%.
Newton County has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Newton County
- The Sales Tax Rate for Newton County is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Newton County is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newton County
- The average income of a Newton County resident is $22,406 a year. The US average is $37,638 a year.
- The Median household income of a Newton County resident is $42,817 a year. The US average is $69,021 a year.