Newton, MO County is an ideal place to live for those looking for affordable housing. The county has a two bedroom rent at only $820 per month, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Newton County is 93 versus 100 in the US, indicating that groceries are relatively more affordable here. This low cost of living combined with rich natural beauty makes it an attractive location for individuals and families alike. Local companies include Triple T Farms and Storck Manufacturing Inc., both providing jobs to people in the area.
Newton County has an unemployment rate of 3.9%. The US average is 6.0%.
Newton County has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Newton County
- The Sales Tax Rate for Newton County is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Newton County is 5.9%. 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 $30,218 a year. The US average is $37,638 a year.
- The Median household income of a Newton County resident is $55,820 a year. The US average is $69,021 a year.