Belmont township (Spink County), South Dakota is a small town with a relaxed atmosphere and friendly residents. It is known for its strong sense of community and helpful neighbors. The cost of living in Belmont township is quite affordable, with a two-bedroom apartment renting for $850 and the grocery cost index being 99 when compared to the US average of 100. The economy in Belmont township is mainly supported by local businesses such as Emerson Ag Services, Vadset Farms & Ranch Supply, Spink County Equipment, and Long Lake Country Store. Overall, Belmont township (Spink Cnty) provides a tranquil lifestyle that many are attracted to.
Belmont township (Spink County) has an unemployment rate of 4.1%. The US average is 6.0%.
Belmont township (Spink County) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Belmont township (Spink County)
- The Sales Tax Rate for Belmont township (Spink County) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Belmont township (Spink County) 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 Belmont township (Spink County)
- The average income of a Belmont township (Spink County) resident is $31,203 a year. The US average is $28,555 a year.
- The Median household income of a Belmont township (Spink County) resident is $66,250 a year. The US average is $69,021 a year.