New Effington, SD is a small town with a population of around 57255 according to 2019 estimates. The town is known for its low living costs, particularly in rent which is currently at $810 for two bedrooms. This is significantly lower than the US average of $1,430. In terms of other costs related to daily life such as groceries, New Effington has an index of 94 on the cost of living compared to 100 in the US.
There are many local businesses in New Effington including Gadberry Hardware Store, New Effington Pharmacy and Sioux Valley Coop. There is also the King's Man Cave bar and grill for those looking for entertainment or socialising. Compared to similarly sized towns in South Dakota like Isabel (population 494) and Lane (population 94), New Effington offers much better amenities and infrastructure due to its larger size.
New Effington (zip 57255) has an unemployment rate of 5.5%. The US average is 6.0%.
New Effington (zip 57255) 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 22.0%, which is lower than the US average of 33.5%.
Tax Rates for New Effington (zip 57255)
- The Sales Tax Rate for New Effington (zip 57255) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for New Effington (zip 57255) 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 New Effington (zip 57255)
- The average income of a New Effington (zip 57255) resident is $43,416 a year. The US average is $28,555 a year.
- The Median household income of a New Effington (zip 57255) resident is $53,162 a year. The US average is $69,021 a year.