Newton Falls, OH is an idyllic small town located in Trumbull County. It has a population of just over 4,400 people and is known for its charming downtown core. The cost of living index in Newton Falls is very competitive compared to other towns in the US with a 2 bedroom rent going for just $820 per month. Grocery costs are also lower than average with a grocery cost index of 95 versus 100 in the US.
This small town atmosphere means there are plenty of local companies that give the community resilience without ever having to leave. These companies include IGS Industries, SRK Cutting Tools, Diamond Packaging, and Prime Choice Foods. These businesses offer quality goods and services to residents while providing employment opportunities as well.
Overall, Newton Falls is a great place to call home because of its low cost of living combined with robust local businesses that serve the community.
Newton Falls (zip 44444) has an unemployment rate of 6.4%. The US average is 6.0%.
Newton Falls (zip 44444) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Newton Falls (zip 44444)
- The Sales Tax Rate for Newton Falls (zip 44444) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Newton Falls (zip 44444) is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newton Falls (zip 44444)
- The average income of a Newton Falls (zip 44444) resident is $30,791 a year. The US average is $37,638 a year.
- The Median household income of a Newton Falls (zip 44444) resident is $56,737 a year. The US average is $69,021 a year.