Parmelee, SD is a small town located in South Dakota. It is known for its low cost of living, with the average two bedroom rent being only $640 per month compared to an average of $1,430 across the US. This makes Parmelee an attractive destination for people looking for more affordable housing options. In addition, the grocery cost index in Parmelee is 95 instead of 100 compared to the US average.
The small town has various businesses that contribute to its local economy such as Big Sky Farms, A&W Restaurant, Chamberlin Trucking and Parmelee Lumber Supply Co. The local Chamber of Commerce provides support and resources to businesses helping them grow and thrive in Parmelee's unique environment. The unemployment rate in Parmelee is 3.6%, lower than the state average of 4%. This makes it an attractive place for individuals looking for work opportunities as well as relocation or vacation destinations.
Parmelee has an unemployment rate of 4.4%. The US average is 6.0%.
Parmelee has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Parmelee
- The Sales Tax Rate for Parmelee is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Parmelee 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 Parmelee
- The average income of a Parmelee resident is $5,467 a year. The US average is $28,555 a year.
- The Median household income of a Parmelee resident is $26,397 a year. The US average is $69,021 a year.