New Effington, SD is a small town located in the Midwestern United States. It has many local businesses, including banks, grocery stores, and hardware stores. The cost of living is low compared to the US average, with an average two bedroom rent of $810 compared to $1,430 nationally. Grocery costs are also lower than the national average in New Effington; their Grocery Cost Index is 94 versus 100 in the US. This makes New Effington an attractive place for those looking for affordability without sacrificing quality of life.
New Effington has an unemployment rate of 5.5%. The US average is 6.0%.
New Effington has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for New Effington
- The Sales Tax Rate for New Effington is 4.5%. The US average is 7.3%.
- The Income Tax Rate for New Effington 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 New Effington
- The average income of a New Effington resident is $15,868 a year. The US average is $28,555 a year.
- The Median household income of a New Effington resident is $39,875 a year. The US average is $69,021 a year.