Marvin, SD is a small town with a population of approximately 500 people. It is located in the Southern part of the state and is surrounded by lush forests and rolling hills. Despite its small size, Marvin offers a variety of attractions and services. The cost of living in Marvin is quite affordable with 2 bedroom apartment rentals averaging around $840 dollars per month – much lower than the national average of $1,430 for similar apartments. Grocery costs are also relatively inexpensive at 99 compared to 100 in the US on average. There are several local businesses such as D&L Automotive Repair, JC Home Inspections, and Harvey’s Fresh Produce that serve the community. Residents enjoy outdoor activities like hiking, fishing, and camping nearby as well as visits to Saxon County Museum & Historical Society or trips to see nearby Sioux Falls.
Marvin has an unemployment rate of 4.6%. The US average is 6.0%.
Marvin has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Marvin
- The Sales Tax Rate for Marvin is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Marvin 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 Marvin
- The average income of a Marvin resident is $14,935 a year. The US average is $28,555 a year.
- The Median household income of a Marvin resident is $46,250 a year. The US average is $69,021 a year.