Central City, SD Economy


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Central City, SD is an attractive city for those looking for a cheaper cost of living. According to the given information, rent for a two-bedroom apartment in Central City is $990, which is significantly lower than the national average of $1,430. Prices at the grocery store are also relatively low with an index score of 97 compared to 100 in the US. Local businesses in Central City include Jack’s Deli, Central City Gas Station, and Big Joe’s Clothing Store. All these establishments provide quality goods and services to local residents.

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

Central City 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 Central City
- The Sales Tax Rate for Central City is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Central City 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 Central City
- The average income of a Central City resident is $23,333 a year. The US average is $28,555 a year.
- The Median household income of a Central City resident is $41,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCentral City, South DakotaUnited States
  36
  -2.0%-6.2%
  32.9%33.5%
  6.5%6.2%
  0.0%4.6%
  $30,620$37,638
  $41,000$69,021
  $80,156$85,028
  Population by Occupation
  18.2%1.2%
  13.0%0.5%
  19.5%6.8%
  7.8%10.0%
  0.0%2.5%
  13.0%11.0%
  2.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  2.6%1.9%
  0.0%7.6%
  0.0%0.1%
  1.3%4.2%
  0.0%9.3%
  7.8%14.0%
  7.8%2.1%
  3.9%7.0%
  0.0%4.8%
  2.6%4.7%
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