47263 New Point, IN is a small town in Indiana located near the Ohio border. It is a great place to live due to its affordable cost of living. The average rent for a two bedroom apartment in 47263 New Point, IN is $990 per month versus the national average of $1,430. Additionally, the Grocery Cost Index in 47263 New Point, IN is 92 compared to 100 in the US, making it an attractive option for budget conscious individuals.
The town of 47263 New Point, IN offers numerous companies providing essential services such as medical care and grocery stores. Currently operating businesses include Donley’s Pharmacy & Home Medical Supply which specializes in providing pharmacy and home medical equipment services; G's Grocery Store which provides fresh produce and grocery items; and R&R Automotive Repair which offers car repair and maintenance services.
New Point (zip 47263) has an unemployment rate of 3.9%. The US average is 6.0%.
New Point (zip 47263) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for New Point (zip 47263)
- The Sales Tax Rate for New Point (zip 47263) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Point (zip 47263) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Point (zip 47263)
- The average income of a New Point (zip 47263) resident is $23,472 a year. The US average is $37,638 a year.
- The Median household income of a New Point (zip 47263) resident is $51,607 a year. The US average is $69,021 a year.