Hoven, South Dakota (57450) is a small town located in the northeastern corner of the state. It is known for its friendly population and tranquil atmosphere. The 2 bedroom rent in Hoven is $820 which is much lower than the nationwide average of $1,430. The cost of living index in Hoven stands at 96 compared to 100 in the US as a whole, making Hoven an inexpensive place to live. There are many local businesses located in Hoven such as the Lucky Star general store that offers groceries and other household items at reasonable prices. The local farmer’s market also provides fresh produce and local meats from nearby farms and ranches. Additionally, there are several restaurants throughout town serving up traditional American cuisine at affordable prices. All these factors combined make Hoven a desirable place to live with an impressive cost-of-living index that benefits its residents.
Hoven (zip 57450) has an unemployment rate of 2.9%. The US average is 6.0%.
Hoven (zip 57450) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Hoven (zip 57450)
- The Sales Tax Rate for Hoven (zip 57450) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Hoven (zip 57450) 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 Hoven (zip 57450)
- The average income of a Hoven (zip 57450) resident is $28,057 a year. The US average is $28,555 a year.
- The Median household income of a Hoven (zip 57450) resident is $73,750 a year. The US average is $69,021 a year.