Savo, SD is a small city located in the Midwest that offers residents a low cost of living. Rent for two-bedroom apartments is only $810 compared to the national average of $1,430, making it an affordable option for many people. The grocery cost index in Savo is 98 compared to 100 nationally. As such, residents are able to save money in their food budget without sacrificing quality or nutrition. Local companies in Savo include Midway Inn, Savo Veterinary Clinic, and Fit Club Fitness Center. All three offer competitive prices compared to national averages while providing excellent services and products.
Savo has an unemployment rate of 3.0%. The US average is 6.0%.
Savo has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Savo
- The Sales Tax Rate for Savo is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Savo 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 Savo
- The average income of a Savo resident is $22,475 a year. The US average is $28,555 a year.
- The Median household income of a Savo resident is $48,472 a year. The US average is $69,021 a year.