Nance, SD is a small town with a population of approximately 1,000 people. It is located in the South Dakota area near the Missouri River. The town has several local companies such as Nance Hardware, Nance Automotive Parts Inc., and Cooper's General Store. Although Nance is a small town, it offers many amenities to its residents including parks, libraries, and a variety of restaurants and shops. The cost of living in Nance is relatively low compared to other parts of the country. For example, two bedroom rent in Nance averages at $850 per month compared to the US average of $1430 per month. Additionally, grocery cost index in Nance stands at 97 versus 100 in the US. These factors make living in Nance an attractive option for those looking for lower costs without sacrificing quality of life.
Nance has an unemployment rate of 3.0%. The US average is 6.0%.
Nance has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Nance
- The Sales Tax Rate for Nance is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Nance 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 Nance
- The average income of a Nance resident is $50,186 a year. The US average is $28,555 a year.
- The Median household income of a Nance resident is $2,499 a year. The US average is $69,021 a year.