Molan, SD is a small town located in the South Dakota area. It has a population of less than 1,000 people and is known for its low cost of living. The median 2 bedroom rent in Molan is only $930 compared to the US median 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in Molan is 96 versus 100 in the US. This makes it a great option for those looking for affordable living options.
The town also features several local businesses such as Molan General Store, Good-to-Go Bakery, and Comfort Inn & Suites. These companies provide jobs and amenities to locals which make the town an attractive place to live. Furthermore, there are plenty of parks nearby which offer outdoor activities such as hiking trails and fishing spots for those who enjoy nature. All these factors make Molan an ideal destination for families or individuals seeking a quiet yet affordable place to live.
Molan has an unemployment rate of 3.6%. The US average is 6.0%.
Molan has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Molan
- The Sales Tax Rate for Molan is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Molan 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 Molan
- The average income of a Molan resident is $24,739 a year. The US average is $28,555 a year.
- The Median household income of a Molan resident is $130,833 a year. The US average is $69,021 a year.