Pierre, SD is a great city located in the heart of South Dakota. The cost of living is very low compared to many other cities, with a median two bedroom rent of just $800 per month. The grocery cost index in Pierre is also quite low, at 101 versus the US average of 100. This makes it an ideal place for those looking to save money while still enjoying all the amenities a large city has to offer.
Pierre boasts several major corporations and businesses such as Dacotah Bank, First Premier Bank, Avera Health, Sanford Health and Black Hills Corp. There are also plenty of smaller businesses that serve the local population including restaurants, bars, clothing stores and more. With its low cost of living and abundance of business opportunities, Pierre is definitely an attractive destination for potential residents.
Pierre has an unemployment rate of 2.7%. The US average is 6.0%.
Pierre has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Pierre
- The Sales Tax Rate for Pierre is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Pierre 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 Pierre
- The average income of a Pierre resident is $28,592 a year. The US average is $28,555 a year.
- The Median household income of a Pierre resident is $73,787 a year. The US average is $69,021 a year.