New Hope, SD is a small city located in the Midwestern United States. It is known for its affordable cost of living, with 2 bedroom rent coming in at $870 per month compared to the US at $1,430. This cost savings extends to groceries too, with a grocery cost index of 96 compared to 100 in the US. New Hope is home to several local businesses such as Smith's Plumbing & Heating, ABC Tax Solutions and Taylor's Bakery. With its low costs of living and abundance of amenities, New Hope is an excellent place for people looking for a quiet life.
New Hope has an unemployment rate of 3.0%. The US average is 6.0%.
New Hope has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for New Hope
- The Sales Tax Rate for New Hope is 6.5%. The US average is 7.3%.
- The Income Tax Rate for New Hope 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 Hope
- The average income of a New Hope resident is $56,227 a year. The US average is $28,555 a year.
- The Median household income of a New Hope resident is $105,625 a year. The US average is $69,021 a year.