Marion, SD is a small town located in Minnehaha county. It is known for its affordable living costs, evidenced by its 2 bedroom rent of only $800 per month and Grocery Cost Index of 97 compared to the US average of 100. The cost of living in this area is very appealing to both families and businesses. Local companies such as Farmers State Bank and Marion Manufacturing and Supply are well established in the community and provide many jobs for local residents. Bigger companies, such as Sanford Health, Great Plains Food Bank, Good Samaritan Society, Midcontinent Communications, and Gear Up South Dakota also have a presence in Marion, making it an attractive place to live or do business.
Marion has an unemployment rate of 2.8%. The US average is 6.0%.
Marion 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 Marion
- The Sales Tax Rate for Marion is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Marion 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 Marion
- The average income of a Marion resident is $23,187 a year. The US average is $28,555 a year.
- The Median household income of a Marion resident is $60,357 a year. The US average is $69,021 a year.