Egan, SD is a small town located in South Dakota. It offers an abundance of opportunity for those looking to start a business or join the local workforce. With a population of roughly 1,500 people, it is one of the smaller cities in the area. Given its size, it is no surprise that living costs tend to be much lower than nearby towns and cities; 2 bedroom rentals are $840 per month versus $1,430 in US on average and grocery cost index in Egan stands at 95 compared to 100 nationally.
Egan is home to several local companies such as Fenstermaker Co., Sayler Farms Inc., and Beran Builders Inc. These businesses offer varied job opportunities for residents of the city. It is also conveniently located near Sioux Falls which provides access to additional employment opportunities as well as entertainment venues like The District and The Empire Mall.
Overall, living in Egan can be quite affordable with low rent prices and grocery costs making it easier for people to make ends meet each month. Furthermore, its proximity to Sioux Falls provides a range of benefits such as job openings, entertainment options, and more services than what are available within the town's limits.
Egan has an unemployment rate of 3.2%. The US average is 6.0%.
Egan 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 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Egan
- The Sales Tax Rate for Egan is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Egan 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 Egan
- The average income of a Egan resident is $17,387 a year. The US average is $28,555 a year.
- The Median household income of a Egan resident is $45,833 a year. The US average is $69,021 a year.