2025 Compare Cities Economy:
Waterford charter, MI vs Hot Springs, SD

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Highlights
- Household income in Hot Springs, is 34% less than it is in Waterford charter and is 56% below the National Average.
- Waterford charter unemployment rate is 3.5%.
- Hot Springs unemployment rate is 4.4%.
 Waterford charter, MIHot Springs, SDUnited States
 Unemployment Rate  Unlock4.4%6.0%
 Recent Job Growth  Unlock1.2%1.6%
 Future Job Growth38.0%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$38,471  Unlock$37,638
 Household Income  Unlock$44,167$69,021
 Family Median Income$86,826  Unlock$85,028
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 Est. Households By Income
 Waterford charter, MIHot Springs, SDUnited States
 Income Less Than 15K  Unlock21.2%9.4%
 Income between 15K and 20K3.4%  Unlock3.8%
 Income between 20K and 30K  Unlock9.5%8.1%
 Income between 30K and 40K8.1%  Unlock8.0%
 Income between 40K and 50K  Unlock13.5%7.6%
 Income between 50K and 60K7.1%  Unlock7.2%
 Income between 60K and 75K  Unlock6.3%9.6%
 Income between 75K and 100K14.6%  Unlock12.8%
 Income between 100K and 150K  Unlock15.5%16.3%
 Income between 150K and 200K6.3%  Unlock7.8%
 Income greater than 200K  Unlock0.0%9.5%
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 Population By Occupation
 Waterford charter, MIHot Springs, SDUnited States
 Management, business, finance13.8%  Unlock16.4%
 Engineering, computers, science  Unlock0.9%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock0.0%1.2%
 Education, library4.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.0%2.0%
 Healthcare practitioners and technology5.1%  Unlock6.2%
 Healthcare support  Unlock5.9%3.3%
 Firefighters, law enforcement1.9%  Unlock2.1%
 Food preparation, serving  Unlock8.6%5.4%
 Building maintenance4.5%  Unlock3.6%
 Personal care  Unlock9.3%2.6%
 Sales, office, administrative support24.0%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair9.4%  Unlock8.1%
 Production, transportation, material moving  Unlock10.2%13.1%
Reviews for Waterford Charter    0 Reviews

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Reviews for Hot Springs    3 Reviews

Over 2 years ago

We are South Dakota natives and we moved to Hot Springs in 2023 after retiring. This move was predicated on a long-time knowledge of the city and many visits here going  More

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Over 11 years ago

Hot Springs, South Dakota has everything a retired person could want. I moved here (from Connecticut) ten years ago and I've never been happier. We have a beautiful  More

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This is a small town, suitable for those who like the Black Hills and want someplace quieter than Rapid City (and a little warmer -- it's located in a kind of climatic  More

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