Howard, SD is a small town located in the Midwest region of the US with a population of just over 2,500 people. The cost of living here is very affordable compared to other areas of the country. For example, the average two-bedroom rent in Howard is $900 per month while the US average is $1430. Grocery costs are also more affordable with an index score of 96 compared to 100 in the United States. Local companies include Redfield Farmers Bank & Trust Company, Gohary Agency Insurance Agency and First Dakota National Bank. There are also several small businesses that help drive the local economy and provide services for locals like retail stores, restaurants and more.
Howard has an unemployment rate of 3.8%. The US average is 6.0%.
Howard has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Howard
- The Sales Tax Rate for Howard is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Howard 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 Howard
- The average income of a Howard resident is $22,598 a year. The US average is $28,555 a year.
- The Median household income of a Howard resident is $40,865 a year. The US average is $69,021 a year.