Hoven, SD is a small town located in South Dakota with a population of just over 500 people. Living in Hoven is relatively affordable, with 2 bedroom rent costing $850 compared to the national average of $1,430. Groceries are also cheaper in Hoven than the national average, where groceries cost index is 96 compared to 100 in the US.
The small town has numerous local businesses that offer goods and services for its residents. Companies such as Hoven Hardware and Valley State Bank provide quality services at cheaper prices than larger corporations found nationwide. Other local businesses such as Bunting Chevrolet-Buick-GMC and Norslien Brothers serve customers with goods and services that are comparable to those found nationally. In short, Hoven offers its residents quality products and services at prices that are much lower than what can be found in other parts of the country.
Hoven has an unemployment rate of 2.9%. The US average is 6.0%.
Hoven has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Hoven
- The Sales Tax Rate for Hoven is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Hoven 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 Hoven
- The average income of a Hoven resident is $19,984 a year. The US average is $28,555 a year.
- The Median household income of a Hoven resident is $49,250 a year. The US average is $69,021 a year.