Volga, South Dakota is a small city with a population of around 500 people. It is located in the southeastern part of the state near the Missouri River. The cost of living in Volga is significantly lower than that in most other parts of the country. Rent for a two bedroom apartment costs an average of $840 per month, whereas the US average for a similar rental is $1,430 per month. Additionally, goods such as groceries are much less expensive in Volga as compared to other regions; the cost index for groceries is 100 versus 100 in the US. This makes it easier to stretch one's dollar further when living in Volga. Some local businesses include Golf N Stuff Family Fun Center, Ground Round Grill & Bar and The White Horse Inn. Overall, Volga offers its residents affordable housing and low living expenses which make it ideal for budget-minded individuals and families alike.
Volga has an unemployment rate of 3.1%. The US average is 6.0%.
Volga 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 Volga
- The Sales Tax Rate for Volga is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Volga 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 Volga
- The average income of a Volga resident is $24,415 a year. The US average is $28,555 a year.
- The Median household income of a Volga resident is $57,540 a year. The US average is $69,021 a year.