Mitchell, SD is a small town with a population of around 15,000 residents. It is an attractive city for people looking for affordable housing as rents are generally much lower than the rest of the US. A two bedroom apartment here costs around $850 compared to $1,430 in the US on average. Groceries are also relatively cheaper as the grocery cost index here stands at 99 compared to 100 in the US.
Mitchell is home to several notable companies including 3M, Briggs & Stratton Corporation, and Resers Fine Foods Inc. There are plenty of attractions in Mitchell too which makes it a popular tourist destination. Some of these include Dakota Discovery Museum, Corn Palace, Prehistoric Indian Village Ruins and more. There are also a number of parks like Gavins Point Dam Park and Lake Mitchell Recreation Area which offer great outdoor activities for nature lovers or families alike.
Mitchell has an unemployment rate of 2.9%. The US average is 6.0%.
Mitchell 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 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Mitchell
- The Sales Tax Rate for Mitchell is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Mitchell 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 Mitchell
- The average income of a Mitchell resident is $24,885 a year. The US average is $28,555 a year.
- The Median household income of a Mitchell resident is $48,164 a year. The US average is $69,021 a year.