Valley Springs, SD is a small town with an affordable cost of living. The average rent for a two bedroom in Valley Springs is $920 a month, which is much cheaper than the national average of $1,430. Additionally, the Grocery Cost Index in Valley Springs is 101 versus 100 in the US, making it a perfect place to live on a budget. Local companies include Thomas Electric, Brown's Tire and Service Center and Valley Dairy Farm. These businesses provide services ranging from electrical maintenance to auto repairs to fresh dairy products. With its affordable cost of living and diverse range of local businesses, Valley Springs is an ideal place to call home.
Valley Springs has an unemployment rate of 3.2%. The US average is 6.0%.
Valley Springs has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Valley Springs
- The Sales Tax Rate for Valley Springs is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Valley Springs is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Valley Springs
- The average income of a Valley Springs resident is $23,277 a year. The US average is $28,555 a year.
- The Median household income of a Valley Springs resident is $87,500 a year. The US average is $69,021 a year.