New Troy, MI is a small town located in the southwestern part of Berrien County. It has a population of 491 people. The cost of living in New Troy is lower than the US average with 2 bedroom rent being $930 compared to the national average of $1,430 while groceries cost index is 90 versus 100 in the US. The economy of New Troy relies heavily on the local business such as New Troy Lumber and Hardware, Busche Food Mart, and Campau Grocery Store. These businesses have been around for generations and have become an integral part of the community providing jobs and services to residents.
New Troy (zip 49119) has an unemployment rate of 5.8%. The US average is 6.0%.
New Troy (zip 49119) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for New Troy (zip 49119)
- The Sales Tax Rate for New Troy (zip 49119) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Troy (zip 49119) 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 New Troy (zip 49119)
- The average income of a New Troy (zip 49119) resident is $18,626 a year. The US average is $28,555 a year.
- The Median household income of a New Troy (zip 49119) resident is $58,125 a year. The US average is $69,021 a year.