Kennebec, SD is a small town with much to offer. It has an affordable cost of living - 2 bedroom rents are only $800 compared to the US average of $1,430 - and groceries are less expensive here as well, with a grocery cost index of 97 versus 100 in the US. The residents also benefit from the local businesses that provide goods and services for them such as Tyler's Hardware Store and Jones Grocery Store. These establishments give the people what they need without having to travel far away or go out of their way. Kennebec is also home to beautiful parks and recreational spaces where families can spend quality time together. All these factors make Kennebec a desirable place to live for both individuals and families alike.
Kennebec has an unemployment rate of 4.3%. The US average is 6.0%.
Kennebec has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Kennebec
- The Sales Tax Rate for Kennebec is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Kennebec 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 Kennebec
- The average income of a Kennebec resident is $25,881 a year. The US average is $28,555 a year.
- The Median household income of a Kennebec resident is $67,125 a year. The US average is $69,021 a year.