Piedmont, SD is a small town with a population just under 1,000 people. Despite its small size it has plenty to offer including a wide variety of local businesses that serve residents. Local companies include a grocery store, pharmacy, gas station, and hardware store for all of your needs. The cost of living in Piedmont is quite affordable when compared to the US as whole. The average rent for a two-bedroom apartment is $1,160 while the US average is $1,430. Similarly, the grocery cost index in Piedmont is 102 versus 100 in the US which shows that groceries are slightly more expensive but still reasonable overall.
Piedmont has an unemployment rate of 3.3%. The US average is 6.0%.
Piedmont has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Piedmont
- The Sales Tax Rate for Piedmont is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Piedmont 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 Piedmont
- The average income of a Piedmont resident is $21,925 a year. The US average is $28,555 a year.
- The Median household income of a Piedmont resident is $51,833 a year. The US average is $69,021 a year.