Spearfish, SD Metro Area is a great place to live in with an affordable cost of living. The 2 bedroom rent in the area is $870 compared to the US average of $1,430. The Grocery Cost Index in Spearfish, SD Metro Area is also very reasonable at 100 versus the US average of 100. There are many companies located in the area such as Spearfish Electric Utility Company, Sanford Health Spearfish Hospital, and Walmart Supercenter. Furthermore, there are plenty of recreational activities for residents to enjoy throughout the year including hiking, fishing, and skiing.
Spearfish Metro Area has an unemployment rate of 3.0%. The US average is 6.0%.
Spearfish Metro Area 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 Metro Area
- The Sales Tax Rate for Spearfish Metro Area is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Spearfish 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 Spearfish Metro Area
- The average income of a Spearfish Metro Area resident is $28,120 a year. The US average is $28,555 a year.
- The Median household income of a Spearfish Metro Area resident is $56,166 a year. The US average is $69,021 a year.