New Hampton, IA is a charming town with a population of 50659 and it has something for everyone from great restaurants to entertainment spots. The two bedroom rent for this town is $780 which is far lower than the national average of $1,430 making it particularly attractive for those looking for an affordable place to call home. Not only that, but the Grocery Cost Index for New Hampton is 94 versus 100 in the US, making it an even better deal in terms of groceries. Local companies include New Hampton Lumber Company, Schares Electric Company Inc., and K & B Motors Inc., which offer excellent services to residents. All in all, New Hampton is an excellent place to live as its 2 bedroom rent and grocery cost index values are below the national average.
New Hampton (zip 50659) has an unemployment rate of 4.1%. The US average is 6.0%.
New Hampton (zip 50659) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for New Hampton (zip 50659)
- The Sales Tax Rate for New Hampton (zip 50659) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Hampton (zip 50659) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Hampton (zip 50659)
- The average income of a New Hampton (zip 50659) resident is $25,106 a year. The US average is $28,555 a year.
- The Median household income of a New Hampton (zip 50659) resident is $69,676 a year. The US average is $69,021 a year.