Spring Valley, ND is a small town located in the Midwest of the United States. It is known for its strong sense of community and support for local businesses. Rent in Spring Valley is significantly lower than the national average, making it a great place to live on a budget. Grocery costs are also relatively low, with an index of 93 compared to 100 nationally. The local economy is supported by small businesses like Spring Valley Grocers, Brown's Butcher Shop, and Old Towne Pizza, all of which provide fresh and affordable goods and services to the community.
Spring Valley has an unemployment rate of 3.2%. The US average is 6.0%.
Spring Valley has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Spring Valley
- The Sales Tax Rate for Spring Valley is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Spring 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 Spring Valley
- The average income of a Spring Valley resident is $58,400 a year. The US average is $37,638 a year.
- The Median household income of a Spring Valley resident is $0 a year. The US average is $69,021 a year.