Newton, IN County is a great place to live with many amenities and businesses. The cost of living is comparatively low with an average two bedroom rent of $1,000 per month, which is much lower than the US average at $1,430. Grocery costs are also significantly lower in Newton County at 90 index versus the US at 100 index. With an abundance of local companies such as CVS Pharmacy, Walmart, and Kroger's, residents can find everything they need for everyday life. The low cost of living makes it easy to afford all the necessities in this county.
Newton County has an unemployment rate of 5.0%. The US average is 6.0%.
Newton County has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Newton County
- The Sales Tax Rate for Newton County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newton County is 4.2%. 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 $29,101 a year. The US average is $37,638 a year.
- The Median household income of a Newton County resident is $62,306 a year. The US average is $69,021 a year.