Veblen, SD is a charming small town located in northeastern South Dakota. While its population is relatively small, the cost of living in Veblen is substantially lower than the US average. The average 2 bedroom rent in Veblen is $720 per month compared to $1,430 for the US. Similarly, the grocery cost index in Veblen is 95 versus 100 in the US.
The town has a variety of local businesses including Strosahl's Hardware Store, Veblen-Truesdale Community Center, and Bloedel Landscaping & Nursery. Residents can enjoy outdoor activities such as camping, fishing, or other recreational activities at nearby water bodies such as Bear Lake and Twin Lakes State Park. Additionally, many residents participate annually in local events like the annual 4th of July parade and ice cream social held every August. With its friendly community atmosphere and low cost of living, Veblen is an attractive place to live.
Veblen has an unemployment rate of 4.4%. The US average is 6.0%.
Veblen 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 Veblen
- The Sales Tax Rate for Veblen is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Veblen 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 Veblen
- The average income of a Veblen resident is $19,328 a year. The US average is $37,638 a year.
- The Median household income of a Veblen resident is $39,750 a year. The US average is $69,021 a year.