Spring Grove, SD is a small rural town located in the South Dakota countryside. It offers its residents a peaceful and quiet life surrounded by majestic landscapes. The cost of living in Spring Grove is quite low compared to other parts of the country as evidenced by the 2 bedroom rent that averages only $820 per month, while the US average is $1,430. Additionally, the Grocery Cost Index in Spring Grove is 96 versus 100 in the US. This makes it an attractive choice for those seeking a more affordable cost of living. There are also several local businesses that offer various services such as agricultural services, retail stores, restaurants, banks, post offices and more. With its low prices and lovely scenery, Spring Grove is an ideal destination for those wishing to lead a relaxed lifestyle away from big city hustle and bustle.
Spring Grove has an unemployment rate of 5.5%. The US average is 6.0%.
Spring Grove has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Spring Grove
- The Sales Tax Rate for Spring Grove is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Spring Grove 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 Spring Grove
- The average income of a Spring Grove resident is $14,730 a year. The US average is $28,555 a year.
- The Median household income of a Spring Grove resident is $34,375 a year. The US average is $69,021 a year.