Bow Valley, NE is a small town located near the border of Nebraska and South Dakota. The town has an estimated population of around 1,000 people and offers a rural setting with plenty of outdoor activities. The cost of living in Bow Valley is lower than the national average due to its smaller population size and more affordable housing options. Rent for a two-bedroom apartment averages $740 per month compared to the US average of $1,430 per month. Additionally, groceries are cheaper in Bow Valley with a Grocery Cost Index of 96 compared to 100 in the US. \nThe local economy relies heavily on farming as a major source of income for many residents. There are also several businesses located in Bow Valley such as restaurants, boutique stores, and grocery stores. People enjoy visiting these establishments due to their friendly staff and welcoming atmosphere that provide excellent services as well as competitive prices for goods and services. With its low cost of living and close-knit community feel, it's no surprise that Bow Valley continues to be an attractive place for families to call home.
Bow Valley has an unemployment rate of 2.0%. The US average is 6.0%.
Bow Valley has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Bow Valley
- The Sales Tax Rate for Bow Valley is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bow Valley is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bow Valley
- The average income of a Bow Valley resident is $18,498 a year. The US average is $28,555 a year.
- The Median household income of a Bow Valley resident is $65,938 a year. The US average is $69,021 a year.