Norway Township (Turner Cnty), SD is a small rural area with a tight-knit community and plenty of opportunities for economic growth. The town is home to several local businesses, ranging from agriculture and farming operations to automotive repair shops and restaurants. The cost of living in Norway Township is reasonable, with 2 bedroom rent averaging only $1,080 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Norway Township has been recorded at 98 compared to the US index of 100 which demonstrates that it is an affordable place to live. Some notable local companies include Anderson's Farm Equipment & Repair, Skunk Creek Pizza, and Norwegian Auto Repair & Sales.
Norway township (Turner County) has an unemployment rate of 2.8%. The US average is 6.0%.
Norway township (Turner County) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Norway township (Turner County)
- The Sales Tax Rate for Norway township (Turner County) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Norway township (Turner County) 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 Norway township (Turner County)
- The average income of a Norway township (Turner County) resident is $40,963 a year. The US average is $28,555 a year.
- The Median household income of a Norway township (Turner County) resident is $111,458 a year. The US average is $69,021 a year.