Canton, SD is a small city with a population of around 5,000. It is located in the southeast part of the state and has easy access to Sioux Falls. The cost of living in Canton is quite affordable; rent for a two bedroom apartment is only $850, while the US average for the same size apartment is $1,430. Additionally, grocery costs are below the US average with an index score of 100.
Canton boasts several companies such as Cardiac Services Incorporated, Smithfield Foods, and Canton Speciality Products. Residents can enjoy outdoor activities at Newton Hills State Park located right outside of town or explore local attractions such as the Grangeville Art Gallery & Studio which offers unique artwork from area artists.
Canton has an unemployment rate of 2.5%. The US average is 6.0%.
Canton has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Canton
- The Sales Tax Rate for Canton is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Canton 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 Canton
- The average income of a Canton resident is $28,971 a year. The US average is $28,555 a year.
- The Median household income of a Canton resident is $67,426 a year. The US average is $69,021 a year.