Porcupine, SD is a small town in South Dakota known for its low cost of living. The average rent for a two bedroom apartment is $730 which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Porcupine is 90 as compared to 100 in the US: groceries are therefore 10% cheaper here than they are nationally.
The town has a few local businesses that have become popular with the locals such as Big Bear Supermarkets, All Night Pharmacy, and K-Mart Department Store. These stores offer excellent services at competitive rates and make it easy to find what you need for day-to-day life. Additionally, Porcupine has plenty of restaurants, cafes and bars to choose from for those who want to socialize and relax after a long day.
With its low costs and convenient amenities, Porcupine is an ideal place to live if you’re looking for affordable housing and amenities while enjoying a close knit community atmosphere.
Porcupine has an unemployment rate of 8.7%. The US average is 6.0%.
Porcupine 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 17.1%, which is lower than the US average of 33.5%.
Tax Rates for Porcupine
- The Sales Tax Rate for Porcupine is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Porcupine 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 Porcupine
- The average income of a Porcupine resident is $7,668 a year. The US average is $28,555 a year.
- The Median household income of a Porcupine resident is $22,875 a year. The US average is $69,021 a year.