South Bend, NE is an ideal city for families or individuals looking for a lower cost of living. The average two bedroom rental in South Bend is $960 compared to the US average which stands at $1,430. Additionally, the Grocery Cost Index in South Bend is only 97 versus 100 in the US. It's not difficult to find a place to work in South Bend with several major companies located nearby such as Walmart, Bank of America, CVS Health and McDonald's all calling South Bend their home. Furthermore, there are plenty of recreational activities available with places like the Purdue University Golf Course and St Joe Park just minutes away from downtown. With these factors combined it's easy to see why South Bend is an attractive location for people looking for a more affordable cost of living.
South Bend has an unemployment rate of 3.2%. The US average is 6.0%.
South Bend has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for South Bend
- The Sales Tax Rate for South Bend is 5.5%. The US average is 7.3%.
- The Income Tax Rate for South Bend 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 South Bend
- The average income of a South Bend resident is $34,430 a year. The US average is $28,555 a year.
- The Median household income of a South Bend resident is $51,667 a year. The US average is $69,021 a year.