New Holland, IL (62671) is a small town located in Logan County with a population of around 1,323. The city offers an abundance of amenities including the New Holland-Middletown Public Library, New Holland Park, New Holland Business Association, and several local businesses such as Just Kidding Around Daycare Center, G&C Meats & Deli, Crossroads IGA Grocery Store and Annie's Cafe. The cost of living is relatively low with an average 2 bedroom rent priced at $840 versus the national average of $1,430. Additionally, the grocery cost index for New Holland is 91 which is lower than the US average of 100. Therefore residents can enjoy all the amenities this small town has to offer while still maintaining a comfortable budget.
New Holland (zip 62671) has an unemployment rate of 5.2%. The US average is 6.0%.
New Holland (zip 62671) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for New Holland (zip 62671)
- The Sales Tax Rate for New Holland (zip 62671) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for New Holland (zip 62671) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Holland (zip 62671)
- The average income of a New Holland (zip 62671) resident is $47,386 a year. The US average is $37,638 a year.
- The Median household income of a New Holland (zip 62671) resident is $89,167 a year. The US average is $69,021 a year.