Mitchell, South Dakota is a great place to live, work, and raise a family. The metro area is home to many businesses, such as Well's Concrete Inc., Midwest Ag Energy Solutions LLC, Perfection Pet Foods Inc., and Wanzek Construction Inc. The cost of living in Mitchell, South Dakota is lower than the national average with an average 2 bedroom rent of $850 compared to the US rate of $1,430. Additionally, groceries are less expensive in Mitchell with a grocery cost index of 98 versus 100 in the US. All these factors make Mitchell a great place for individuals and families looking for affordable living without sacrificing quality services or amenities.
Mitchell Metro Area has an unemployment rate of 3.1%. The US average is 6.0%.
Mitchell Metro Area 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 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Mitchell Metro Area
- The Sales Tax Rate for Mitchell Metro Area is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Mitchell Metro Area 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 Metro Area
- The average income of a Mitchell Metro Area resident is $25,238 a year. The US average is $28,555 a year.
- The Median household income of a Mitchell Metro Area resident is $52,841 a year. The US average is $69,021 a year.