South Valley, ND is a small town located in the heart of North Dakota. It is home to many local companies, such as XYZ Auto Supply, ABC Sports & Outdoors, and South Valley Hardware. The cost of living in South Valley is significantly lower than the US average. For example, the 2 bedroom rent in South Valley is $770 compared to $1,430 rent for similar apartments across the country. Additionally, the Grocery Cost Index in South Valley is 92 compared to 100 in the US. This means that groceries are 8% cheaper in South Valley than they are across the US on average.
South Valley has an unemployment rate of 13.1%. The US average is 6.0%.
South Valley has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 10.8%, which is lower than the US average of 33.5%.
Tax Rates for South Valley
- The Sales Tax Rate for South Valley is 5.0%. The US average is 7.3%.
- The Income Tax Rate for South Valley is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for South Valley
- The average income of a South Valley resident is $26,026 a year. The US average is $37,638 a year.
- The Median household income of a South Valley resident is $0 a year. The US average is $69,021 a year.