Newtown, PA is a small but active town located within Bucks County. With a population of just under 3,000 people, this rural community is known for its peacefulness and charm. While two bedroom rent averages $2,240 in Newtown as opposed to the US average of $1,430, groceries cost less due to the Grocery Cost Index being 112 versus 100 in the US. \nThe town is home to a number of local businesses such as Newtown Bookshop & Antiques, The General Store at Newtown, and The Langhorne Coffee House among others. These shops give off a charmingly small-town vibe that many visitors find attractive. For those looking for recreation and entertainment there are many attractions available nearby such as Neshaminy Mall Shopping Center, Tyler State Park with its trails perfect for biking or hiking, and Trevose Golf Club – one of the top rated golf courses in PA. Furthermore, it’s just a short drive away from Philadelphia where you can visit numerous cultural sites as well as enjoy nightlife activities.
Newtown (zip 18940) has an unemployment rate of 6.1%. The US average is 6.0%.
Newtown (zip 18940) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Newtown (zip 18940)
- The Sales Tax Rate for Newtown (zip 18940) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newtown (zip 18940) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newtown (zip 18940)
- The average income of a Newtown (zip 18940) resident is $57,469 a year. The US average is $28,555 a year.
- The Median household income of a Newtown (zip 18940) resident is $145,141 a year. The US average is $69,021 a year.