Nemo, South Dakota, with a population of 57759, is an area with a great cost of living. The 2 bedroom rent rate in Nemo is $970, significantly lower than the US average of $1,430. Additionally, grocery cost index in Nemo is 99 versus 100 in the US.
Nemo's economy relies heavily on agriculture and is home to several major companies such as Bobcat Company and 3M. In addition to these larger companies, there are many smaller businesses locally owned including restaurants, boutiques, and professional service businesses such as real estate agents and lawyers. The city also benefits from tourism due to its proximity to several national parks and attractions.
Nemo (zip 57759) has an unemployment rate of 3.0%. The US average is 6.0%.
Nemo (zip 57759) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Nemo (zip 57759)
- The Sales Tax Rate for Nemo (zip 57759) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Nemo (zip 57759) is 0.0%. The US average is 4.6%.
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Income and Salaries for Nemo (zip 57759)
- The average income of a Nemo (zip 57759) resident is $18,390 a year. The US average is $37,638 a year.
- The Median household income of a Nemo (zip 57759) resident is $0 a year. The US average is $69,021 a year.