Chelsea, SD Economy


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United States / South Dakota / No Metro Area / Faulk County / Chelsea / Zip Codes
Chelsea, SD is a small town located in the United States. It is home to a variety of businesses and amenities. The rent for two bedroom apartments is much lower than the US average at $950 per month. The Grocery Cost Index in Chelsea is 98, which is 2 points below the national average. Residents of Chelsea have access to local stores such as Kmart, Walmart, Save-A-Lot, and Dollar General for everyday necessities. There are also restaurants such as Subway and Arby’s that serve delicious meals to locals and visitors alike. Furthermore, there are recreational facilities like golf courses, parks, pools, a bowling alley, fitness centers and shopping malls. Chelsea truly has something for everyone!

Chelsea has an unemployment rate of 2.2%. The US average is 6.0%.

Chelsea has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.

Tax Rates for Chelsea
- The Sales Tax Rate for Chelsea is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Chelsea 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 Chelsea
- The average income of a Chelsea resident is $32,572 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea resident is $131,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChelsea, South DakotaUnited States
  2.26
  -1.7%-6.2%
  22.2%33.5%
  4.5%6.2%
  0.0%4.6%
  $53,891$37,638
  $131,250$69,021
  $140,417$85,028
  Population by Occupation
  15.6%1.2%
  0.0%0.5%
  0.0%6.8%
  6.7%10.0%
  4.4%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  68.9%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  2.2%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  2.2%4.7%
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