Alpena town, SD is a great place to live with a lot to offer. It is known for its low cost of living. The average 2 bedroom rent in Alpena town, SD is $820 compared to the national average of $1,430. This makes it an affordable option for those looking for a place to call home. Along with saving money on rent, grocery costs are also significantly lower in Alpena town, SD than elsewhere in the US. The Grocery Cost Index is 96 versus 100 in the US which means that food expenses are much more reasonable here than what you would typically find elsewhere. In addition to these savings, there are several local businesses such as the Alpena Gold Mining Company and the Alpena Meat Processing & Supply Co. that contribute to the economy and provide residents with employment opportunities. All of this combine make Alpena Town, SD an ideal place to live with a great cost of living.
Alpena has an unemployment rate of 2.1%. The US average is 6.0%.
Alpena has seen the job market increase by 5.3% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Alpena
- The Sales Tax Rate for Alpena is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Alpena 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 Alpena
- The average income of a Alpena resident is $48,648 a year. The US average is $37,638 a year.
- The Median household income of a Alpena resident is $66,250 a year. The US average is $69,021 a year.