26050 Newell, WV is an ideal location for people seeking affordable housing and cost of living. The average 2 bedroom rent in the area is $780, which is significantly lower than the US average of $1,430. This makes it easier to save money on rent and still be able to live comfortably. Additionally, the grocery cost index in the area is 93 as compared to 100 in the US which further reduces one's monthly expenses. The local economy of 26050 Newell consists of companies such as Valley Supply Center Inc., American Electric Power Service Corporation and Weirton Steel Corp.. With its great outdoor recreational activities, low costs of living and plenty of employment opportunities; 26050 Newell makes for a great place to call home.
Newell (zip 26050) has an unemployment rate of 7.5%. The US average is 6.0%.
Newell (zip 26050) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Newell (zip 26050)
- The Sales Tax Rate for Newell (zip 26050) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newell (zip 26050) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newell (zip 26050)
- The average income of a Newell (zip 26050) resident is $19,301 a year. The US average is $37,638 a year.
- The Median household income of a Newell (zip 26050) resident is $23,514 a year. The US average is $69,021 a year.