Jasper County · Iowa · Midwest · 16k residents
Newton, IA: economy, jobs & business costs
The site-selection read on Newton: labor costs, talent, corporate tax, energy, and business activity, with the Iowa median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,001/wk. Iowa's corporate income tax rate is 7.1%. Commercial electricity averages 10.2¢/kWh.
Compare Newton side by side
Avg. weekly wage
$1,001/wk
Corporate income tax
7.1%
Bachelor's degree or higher
19.5%
Commercial electricity
10.2¢/kWh
Economic momentum
How fast Newton's economy is moving, ranked against the US cities we track.
92/100
Heating
Ranks Newton's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $153,700 |
| Price per sq. ft. | $145 |
| Property tax rate | 1.5% |
| 1-bedroom rent | $677/mo |
| 2-bedroom rent | $831/mo |
| State & local income tax | 5.3% |
| Sales tax | 6.9% |
| Corporate income tax | 7.1% |
| Avg. weekly wage | $1,001/wk |
| Bachelor's degree or higher | 19.5% |
| Commercial electricity | 10.2¢/kWh |
| Businesses per 1k residents | 25.6/1k |
| Wage: Software developer | $126,460 |
| Wage: Registered nurse | $78,630 |
| Wage: General manager | $98,780 |
| Wage: Customer service | $48,880 |
| Wage: Warehouse worker | $36,800 |
| Wage: Heavy truck driver | $60,720 |
| Wage: Electrician | $62,840 |
| Wage: Retail salesperson | $33,430 |
| Cost of living index | 74 |
| Groceries index | 94 |
| Utilities | $150/mo |
| Transit pass | $48/mo |
| Gas price | $3.00/gal |
| Healthcare index | 94 |
| Childcare (per child) | $950/mo |
| Median household income | $57,771 |
| Unemployment rate | 3% |
| Population | 16k |
| Crime index | 38/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | 44/100 |
| Avg. commute | 19 min |
| Sunny days / year | 200 days |
| July high | 85°F |
| January low | 10°F |
| Annual snowfall | 29 in |
| Home price YoY | +5.2% |
| Home price MoM | 0.0% |
| Rent YoY | — |
| Rent MoM | -0.2% |
| Employment (jobs) YoY | +2.2% |
| Building permits YoY | — |
| Ocean coast | 814 mi |
| Big lake | 224 mi |
| Mountains | 311 mi |
| Major airport | 34 mi |
| Ski resort | 253 mi |
Popular comparisons
Nearby
- Altoona, IA · 21k
- Marshalltown, IA · 28k
- Ankeny, IA · 73k
- Des Moines, IA · 212k
- Johnston, IA · 24k
Similar size
- Indianola, IA · 16k
- Grimes, IA · 16k
- Clive, IA · 19k
- North Liberty, IA · 21k
- Coralville, IA · 23k
Real listings in Newton
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Newton a good place to run a business?
- Iowa's corporate income tax rate is 7.1%; average weekly wages in the surrounding labor market run $1,001/wk; commercial electricity averages 10.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Newton, IA?
- Newton indexes at 74 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $831/mo and a acs median home value of $153,700.
- How much does a house cost in Newton?
- The acs median home value in Newton is $153,700 (Census ACS estimate; individual listings vary).
- How much is rent in Newton?
- A two-bedroom in Newton rents for about $831/mo.