Forestburg, SD is a small rural town nestled in the prairie of South Dakota. It has an approximate population of 1,000 people and is known for its friendly residents and close-knit community. The cost of living is low compared to the rest of the United States with a two-bedroom rent price of only $850 and a grocery cost index of 96 versus 100 in the US. There are numerous local businesses in Forestburg, such as Renner Supply Co., Tupper's Sandhills Grocery Store, and Jody's Family Restaurant. All these companies are dedicated to providing quality products and services to their customers while creating jobs within the community.
Forestburg has an unemployment rate of 3.3%. The US average is 6.0%.
Forestburg has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 11.4%, which is lower than the US average of 33.5%.
Tax Rates for Forestburg
- The Sales Tax Rate for Forestburg is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Forestburg 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 Forestburg
- The average income of a Forestburg resident is $42,617 a year. The US average is $28,555 a year.
- The Median household income of a Forestburg resident is $68,438 a year. The US average is $69,021 a year.