Newport, SD is a small town with a population of around 700 people. It is situated in southeast South Dakota and offers many amenities to its residents. The cost of living in Newport is fairly low, with 2 bedroom rent being around $850 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Newport is 96 compared to 100 in the US. Living in Newport also grants access to local businesses such as M & S Auto Repair for vehicle maintenance needs and The Stockyard for grocery needs. Other amenities include a skating rink, bowling alley, golf course, parks, community pool and library.
Newport has an unemployment rate of 4.4%. The US average is 6.0%.
Newport has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Newport
- The Sales Tax Rate for Newport is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Newport 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 Newport
- The average income of a Newport resident is $19,039 a year. The US average is $37,638 a year.
- The Median household income of a Newport resident is $56,083 a year. The US average is $69,021 a year.