New Washington, IN is a small town located in Clark County with a population of around 650 people. The cost of living is significantly lower than the national average, which is evident in the rent prices for two-bedroom apartments coming in around $1,020 compared to the US average of $1,430. Additionally, the Grocery Cost Index for New Washington is 94 versus 100 in the US. This indicates that grocery costs are lower here than most places in America.
The area has some local businesses including First State Bank, New Washington Auto Parts & Towing Inc., Tom's Family Restaurant, and Kittle's Furniture Store. All these businesses provide services or products that are essential to the community and help make it a great place to live. There are also many other sources for information on New Washington such as local newspapers like The News and Tribune and websites such as ClarkCountyLive.com that cover all things related to the town.
New Washington (zip 47162) has an unemployment rate of 4.4%. The US average is 6.0%.
New Washington (zip 47162) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for New Washington (zip 47162)
- The Sales Tax Rate for New Washington (zip 47162) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Washington (zip 47162) is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Washington (zip 47162)
- The average income of a New Washington (zip 47162) resident is $22,972 a year. The US average is $37,638 a year.
- The Median household income of a New Washington (zip 47162) resident is $64,038 a year. The US average is $69,021 a year.