Newberry, Indiana (47449) is a small town located in the state of Indiana. It is home to a population of just over 1,500 people and is considered an affordable place to live. The average two bedroom rent in the area is $850 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Newberry is 92 versus 100 in the US. This makes Newberry quite attractive for those looking for an affordable living situation.
In terms of local amenities, Newberry has a lot to offer. There are two churches, Reaves Chapel AME Church and Saints Delight Church Of Christ Holiness USA Inc., as well as a post office and library. Several businesses call Newberry home including J & S Plumbing & Heating, Panther Creek Lawn Service, May Trucking Co., Tastefully Yours Catering LLC and Holly's Hair Salon & Supply. There are also several restaurants such as Mountain Jack's Steakhouse, McDonald's and IHOP for those looking for a bite to eat. All-in-all, Newberry is an affordable yet conveniently serviced small town with lots to offer its residents.
Newberry (zip 47449) has an unemployment rate of 4.9%. The US average is 6.0%.
Newberry (zip 47449) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Newberry (zip 47449)
- The Sales Tax Rate for Newberry (zip 47449) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newberry (zip 47449) 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 Newberry (zip 47449)
- The average income of a Newberry (zip 47449) resident is $22,047 a year. The US average is $37,638 a year.
- The Median household income of a Newberry (zip 47449) resident is $50,536 a year. The US average is $69,021 a year.