Clearwater, SD is a small town located in the middle of South Dakota. It has a population of about 500 people and is known for its affordable cost of living. The average rent for a two-bedroom apartment is $880, which is considerably lower than the US average of $1,430. Additionally, the Grocery Cost Index in Clearwater, SD is 97 compared to 100 in the US. This further emphasizes that it is an attractive option for budget-minded individuals.
The town has many local businesses that offer various services to its citizens. Some noteworthy companies include Auto Parts Plus, Clearwater Exteriors, Valley Chiropractic Clinic and The Home Depot Store. All these companies offer quality goods and services at competitive prices to customers in the Clearwater area.
Clearwater has an unemployment rate of 3.8%. The US average is 6.0%.
Clearwater 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 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Clearwater
- The Sales Tax Rate for Clearwater is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Clearwater 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 Clearwater
- The average income of a Clearwater resident is $52,407 a year. The US average is $28,555 a year.
- The Median household income of a Clearwater resident is $92,700 a year. The US average is $69,021 a year.