47969 Newtown, IN is a small town situated near the Ohio River in southwestern Indiana. It has a population of around 560 people and is known for its friendly atmosphere and picturesque views. The median 2 bedroom rent in this area is 760 dollars, which is slightly lower than the US median of 1,430 dollars. The Grocery Cost Index in Newtown is 90 compared to 100 in the US. This means that groceries are slightly more affordable here than in other parts of the country.
Local companies include G&C Welding and Fabrication, Yoder's Amish Market, and Rodefeld Brothers Floor Company. Grocery stores in the area include Ral-and Supermarket, which offers fresh produce and a deli section; Country Fresh Inc., with organic produce; and Pottios Supermarkets Inc., which has a large selection of everyday household items at competitive prices. The cost of living index in Newtown is 85 versus 100 nationally; this means that overall expenses such as groceries, housing costs, utilities, transportation expenses, health care costs are all relatively lower than most other places throughout the US.
Newtown (zip 47969) has an unemployment rate of 4.2%. The US average is 6.0%.
Newtown (zip 47969) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Newtown (zip 47969)
- The Sales Tax Rate for Newtown (zip 47969) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newtown (zip 47969) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newtown (zip 47969)
- The average income of a Newtown (zip 47969) resident is $27,181 a year. The US average is $37,638 a year.
- The Median household income of a Newtown (zip 47969) resident is $48,750 a year. The US average is $69,021 a year.