Newark, MO, with a population of 63458, has an average 2 bedroom rent of $670 compared to the US average rent of $1,430. The Grocery Cost Index in Newark is 94 versus 100 in the US which makes it relatively inexpensive to purchase groceries in this area. Some local companies that employ members of the community are Choate Construction Company, Wabash Alloys LLC, and R & D Steel Fabricators. Newark offers a low cost of living due to its inexpensive rental costs and grocery prices, making it easier for families and individuals to find affordable living arrangements and successfully manage their finances.
Newark (zip 63458) has an unemployment rate of 3.3%. The US average is 6.0%.
Newark (zip 63458) has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Newark (zip 63458)
- The Sales Tax Rate for Newark (zip 63458) is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Newark (zip 63458) is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newark (zip 63458)
- The average income of a Newark (zip 63458) resident is $25,127 a year. The US average is $28,555 a year.
- The Median household income of a Newark (zip 63458) resident is $33,750 a year. The US average is $69,021 a year.