New River, AZ is a small community with an estimated population of just 8,900. The median 2 bedroom rent in New River is $2,620 which is significantly higher than the national average of $1,430. The Grocery Cost Index in New River is 101 compared to 100 nationally. This indicates that groceries are more expensive than the US average.
Living in New River has its benefits though; there are plenty of local businesses such as Desert Hills Premium Outlets and Daisy Mountain Railroad for shopping options, as well as restaurants like Rock Springs Cafe and Cave Creek Fry's Marketplace for dining choices. Additionally, residents can find entertainment at places like AJ’s Entertainment Center and The Classic Car Garage.
In summary, while living in New River can be expensive due to high rent prices and grocery costs, there are still many local businesses to explore for entertainment or shopping opportunities.
New River (zip 85087) has an unemployment rate of 6.1%. The US average is 6.0%.
New River (zip 85087) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 45.1%, which is higher than the US average of 33.5%.
Tax Rates for New River (zip 85087)
- The Sales Tax Rate for New River (zip 85087) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New River (zip 85087) 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 New River (zip 85087)
- The average income of a New River (zip 85087) resident is $44,206 a year. The US average is $37,638 a year.
- The Median household income of a New River (zip 85087) resident is $103,824 a year. The US average is $69,021 a year.