New Market, Indiana is a small town located in Montgomery County. With a population of 47965 people, it's well known for its friendly and welcoming atmosphere. The average rent for a two bedroom apartment in New Market is $840 per month, significantly lower than the national average of $1,430. Grocery costs are also lower at 91 (versus the US index of 100). Local businesses flourish in this vibrant community, including the Classic Cafe restaurant, Giner’s Bakery and Cake Shop, and Bo’s Automotive car repair shop. Each of these establishments offers something unique to visitors and residents alike. The town also has an abundance of farmers markets during the summer months that offer fresh produce from nearby farms.
New Market (zip 47965) has an unemployment rate of 3.6%. The US average is 6.0%.
New Market (zip 47965) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for New Market (zip 47965)
- The Sales Tax Rate for New Market (zip 47965) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Market (zip 47965) is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Market (zip 47965)
- The average income of a New Market (zip 47965) resident is $19,707 a year. The US average is $28,555 a year.
- The Median household income of a New Market (zip 47965) resident is $64,063 a year. The US average is $69,021 a year.