Spearfish, SD Economy


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Spearfish, SD is a great place to live, with its affordable rent and low grocery prices making it an attractive destination for people looking to save money. The average two bedroom rents in Spearfish, SD is $860 compared to the national rate of $1,430. Additionally, the Grocery Cost Index in Spearfish is 101 compared to 100 in the US.
Local companies that offer housing services include Central Hills Real Estate, Century 21 Spearfish Realty, and Cody Properties. If you are looking for a place to eat, Spearfish has many restaurants catering to all tastes such as Native Kitchen & Bar, Bol Pizza, and Badlands Saloon & Grill. There are also several grocery stores including Rushmore Foods and Fresh Food IGA. With so many options for both housing and food services in Spearfish there's something for everyone!

Spearfish has an unemployment rate of 3.0%. The US average is 6.0%.

Spearfish has seen the job market increase by 1.5% 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 Spearfish
- The Sales Tax Rate for Spearfish is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Spearfish 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 Spearfish
- The average income of a Spearfish resident is $26,813 a year. The US average is $28,555 a year.
- The Median household income of a Spearfish resident is $52,258 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpearfish, South DakotaUnited States
  36
  -2.0%-6.2%
  32.9%33.5%
  6.5%6.2%
  0.0%4.6%
  $40,007$37,638
  $52,258$69,021
  $84,596$85,028
  Population by Occupation
  2.7%1.2%
  2.2%0.5%
  4.8%6.8%
  5.2%10.0%
  1.7%2.5%
  12.6%11.0%
  1.6%4.8%
  1.1%0.8%
  2.7%1.9%
  1.8%4.7%
  1.0%1.9%
  5.2%7.6%
  0.9%0.1%
  1.8%4.2%
  13.2%9.3%
  14.1%14.0%
  3.5%2.1%
  15.4%7.0%
  6.5%4.8%
  2.2%4.7%
Reviews for Spearfish
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I've been in the black Hills since 1994 and,recently moved to the east side of the state, Sioux Falls to be exact. Spearfish, is a very nice & beautiful community but,  More

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Over 17 years ago

The weather is perfect for outdoor  More

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Over 17 years ago

Spearfish is beautiful but there is very little job opportunity. As a result those people who want to advance in their career should avoid Spearfish. On the other hand  More

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