Renner Corner, SD is a small town located in the Midwest region of the United States. It is a quaint community that offers its residents a charming atmosphere with plenty of local businesses to choose from. The cost of living in Renner Corner is significantly lower than the US average due to factors such as its low rent costs; two bedroom apartments in Renner Corner average around $950 compared to $1,430 in the US. Local companies in Renner Corner include Community Bank, Bob's Hardware Store, and Peterson Farms, all of which contribute to keeping prices low for residents of the town. This allows people to keep more money in their pockets rather than spending it on necessities like groceries and rent. The grocery cost index in Renner Corner stands at 101 compared to 100 in the US, adding to its affordability. For those looking for an affordable place to live while still having access to plenty of local amenities, Renner Corner is an ideal destination.
Renner Corner has an unemployment rate of 3.2%. The US average is 6.0%.
Renner Corner has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Renner Corner
- The Sales Tax Rate for Renner Corner is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Renner Corner 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 Renner Corner
- The average income of a Renner Corner resident is $38,010 a year. The US average is $28,555 a year.
- The Median household income of a Renner Corner resident is $94,464 a year. The US average is $69,021 a year.