Wells, SD is a small town located in the Midwest. It offers residents affordability, as the 2 Bedroom rent is nearly half of what it would be in the US as a whole. Additionally, grocery costs are about 91 compared to 100 in the US. There are many local companies that provide goods and services to Wells' residents including Smith's Auto Services, Hughes Grocery Store, and Smith's Local Hardware. All these businesses help make Wells a pleasant place to live and work in.
Wells has an unemployment rate of 3.4%. The US average is 6.0%.
Wells has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Wells
- The Sales Tax Rate for Wells is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Wells 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 Wells
- The average income of a Wells resident is $18,984 a year. The US average is $37,638 a year.
- The Median household income of a Wells resident is $0 a year. The US average is $69,021 a year.