Parnell, SD is a small town with plenty to offer. The cost of living in Parnell is significantly lower than the US average, with 2 Bedroom Rent in Parnell, SD being $880 compared to the US 2 Bedroom Rent which is $1,430. Grocery Cost index is also lower in Parnell at 99 compared to 100 for the US.
The local businesses in Parnell are bustling and include a variety of different services. Companies such as Bunkers Bar & Grill, Grist Mill Grocery Store, Dakota Market & Bakery, and Parnell Hardware are all great local spots to shop in the area. All of these businesses provide locally sourced goods and services that make it easier for locals to afford their daily needs.
Overall, Parnell is an excellent place to live if you're looking for low-cost living options and want access to local businesses and amenities. With its low rent prices and grocery costs, it's no wonder why people are flocking to this small town!
Parnell has an unemployment rate of 3.1%. The US average is 6.0%.
Parnell has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Parnell
- The Sales Tax Rate for Parnell is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Parnell 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 Parnell
- The average income of a Parnell resident is $28,139 a year. The US average is $28,555 a year.
- The Median household income of a Parnell resident is $95,125 a year. The US average is $69,021 a year.