New Underwood, South Dakota is a small rural town with about 750 inhabitants. The living costs in New Underwood are significantly cheaper than the US average. For example, the rent for 2-Bedroom apartments is $920 compared to the US average of $1,430. Grocery Cost Index here is also 100 compared to 100 in the US. \nDespite its size New Underwood offers some interesting attractions and businesses. Local companies include Vernon's Steakhouse, which serves delicious steaks and burgers at a reasonable price, and LaRae's Beauty Salon where you can get a new look or just relax with one of their luxurious spa treatments. In terms of attractions, visitors can enjoy plenty of outdoor activities such as fishing and hiking at Stieglemeier Lake or Monument Rocks National Park. The town also hosts many events throughout the year such as live music concerts and festivals that attract tourists from all over the country.
New Underwood has an unemployment rate of 3.4%. The US average is 6.0%.
New Underwood has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for New Underwood
- The Sales Tax Rate for New Underwood is 4.5%. The US average is 7.3%.
- The Income Tax Rate for New Underwood 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 Underwood
- The average income of a New Underwood resident is $23,655 a year. The US average is $28,555 a year.
- The Median household income of a New Underwood resident is $71,250 a year. The US average is $69,021 a year.