Highmore, SD is a small town with a population of just over 700 people. Despite its size, it offers good value for those looking to settle down somewhere. Rent for a 2 bedroom apartment is $840, which is significantly lower than the US average of $1,430. Moreover, groceries are cheaper in Highmore than most places, with an index of 97 versus the US average of 100.
The area also provides plenty of local businesses to support its residents. Popular stores include Dollar General, K&H Hardware & Electronics, Highmore Pharmacy and Christensen Auto Parts & Repair. For those who enjoy outdoor activities there are fishing spots like Lake Maloney or lakeside camping at Shadehill reservoir. All in all, Highmore is great place to live for anyone looking for affordability and a sense of community.
Highmore has an unemployment rate of 1.7%. The US average is 6.0%.
Highmore has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Highmore
- The Sales Tax Rate for Highmore is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Highmore 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 Highmore
- The average income of a Highmore resident is $24,747 a year. The US average is $28,555 a year.
- The Median household income of a Highmore resident is $60,208 a year. The US average is $69,021 a year.