Irene, SD is a small rural town located in eastern South Dakota. It is an agricultural-based community with a strong sense of community and family values. The cost of living in Irene, SD is significantly lower than other parts of the United States. For example, 2 bedroom rent in Irene starts at around $770 compared to the national average of $1,430. Additionally, the grocery cost index in Irene sits at 96 versus 100 in the US.
Irene boasts a number of local businesses such as Schaffners Market, Hometown Foods Grocery Store, Farmers State Bank, and DQ Grill & Chill Restaurant. These local companies provide goods and services to citizens of Irene and make every effort to keep prices low for members of the community. There are also many local farms where residents can purchase fresh produce directly from farmers themselves at affordable rates. All these factors combined have allowed Irene to maintain its competitive cost-of-living while offering its residents access to quality goods and services.
Irene has an unemployment rate of 2.8%. The US average is 6.0%.
Irene has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Irene
- The Sales Tax Rate for Irene is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Irene 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 Irene
- The average income of a Irene resident is $20,937 a year. The US average is $28,555 a year.
- The Median household income of a Irene resident is $43,281 a year. The US average is $69,021 a year.