Hermosa, South Dakota is a small city located in the northeastern part of the state. It is known for its wide variety of businesses and local companies that help drive the economy. The cost of living in Hermosa is lower than many other areas in South Dakota. For example, the 2 bedroom rent in Hermosa is around $1,060 while it is $1,430 for the rest of the US. Grocery costs are also reasonable here with an index score of 103 versus 100 throughout the US. Some popular businesses and companies located in Hermosa include Bob's Grocery Store, Hermosa Auto Repair, and Finley Family Dentistry. All these businesses offer quality services at affordable prices helping to make Hermosa a great place to live and work.
Hermosa has an unemployment rate of 4.3%. The US average is 6.0%.
Hermosa has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Hermosa
- The Sales Tax Rate for Hermosa is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Hermosa 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 Hermosa
- The average income of a Hermosa resident is $20,443 a year. The US average is $28,555 a year.
- The Median household income of a Hermosa resident is $70,208 a year. The US average is $69,021 a year.