New Middletown, IN (zip 47160) is a small town in Indiana with a population of 763. The cost of a two bedroom rent in New Middletown is significantly lower than average at $920, which makes it an attractive option for visitors or those looking to move to the area. The Grocery Cost Index in New Middletown is also 94 versus the US average of 100, making groceries and other daily items more affordable than in many other places.
The local economy of New Middletown is driven by several businesses, most notably Miller's Merry Manor, which provides skilled nursing care and rehabilitation services; Hallman Manufacturing Company, which produces steel components for industrial use; and Reliable Putty Products Inc., a chemical manufacturer. All three are integral parts of the community and employ many members of the local population. These companies provide jobs that help support and sustain the town's economy and make it an inviting place to live.
New Middletown (zip 47160) has an unemployment rate of 3.8%. The US average is 6.0%.
New Middletown (zip 47160) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for New Middletown (zip 47160)
- The Sales Tax Rate for New Middletown (zip 47160) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Middletown (zip 47160) 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 Middletown (zip 47160)
- The average income of a New Middletown (zip 47160) resident is $17,873 a year. The US average is $37,638 a year.
- The Median household income of a New Middletown (zip 47160) resident is $46,563 a year. The US average is $69,021 a year.