Nisland, SD is a small town with a population of approximately 2,000 people. It is known for its charming downtown area and friendly residents. The cost of living in Nisland is relatively low compared to the national average. For example, 2 bedroom rent in Nisland is $860 while it is $1,430 in the US. Moreover, the Grocery Cost Index in Nisland is 97 while it is 100 in the US. Several local companies make up the economic infrastructure of this small town such as Smith Hardware, AB Construction Services and Peterson's Bakery. Taken together, these factors make Nisland an attractive place to live with its low cost of living and vibrant local businesses.
Nisland has an unemployment rate of 3.6%. The US average is 6.0%.
Nisland 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 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Nisland
- The Sales Tax Rate for Nisland is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Nisland 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 Nisland
- The average income of a Nisland resident is $14,691 a year. The US average is $28,555 a year.
- The Median household income of a Nisland resident is $26,344 a year. The US average is $69,021 a year.