46961 New Waverly, IN is a small town in the state of Indiana with a population of 596 people according to the 2019 census. The average two-bedroom rent in New Waverly is $850 compared to the US average of $1,430. The Grocery Cost Index for New Waverly is 90 while the national index is 100.
Businesses located in New Waverly include D & S Farm Store, which offers fresh produce and other locally grown goods, as well as an extensive selection of hardware items; Countryside Cafe, a family friendly restaurant offering home-style cooking; and True Value Hardware store. Other local businesses include restaurants like BBQ Shack and Little Italy Pizza, as well as bars like Beer Barrel Saloon and Tom’s Sports Bar & Grill.
The job market in New Waverly depends on tourism and the local economy. While jobs are available at local businesses like D & S Farm Store or Countryside Cafe, many residents commute to nearby towns for employment opportunities with larger companies. Overall, New Waverly is an affordable town with plenty of attractions that make it an ideal place to live and work.
New Waverly (zip 46961) has an unemployment rate of 4.4%. The US average is 6.0%.
New Waverly (zip 46961) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for New Waverly (zip 46961)
- The Sales Tax Rate for New Waverly (zip 46961) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Waverly (zip 46961) is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Waverly (zip 46961)
- The average income of a New Waverly (zip 46961) resident is $20,090 a year. The US average is $37,638 a year.
- The Median household income of a New Waverly (zip 46961) resident is $38,750 a year. The US average is $69,021 a year.