Prosper, SD is a small town located in the Midwest with a population of around 1,500 people. It is known for its friendly locals and rural charm. The cost of living in Prosper is quite low compared to other cities in the United States, making it an attractive place to live or visit. The average 2 bedroom rent in Prosper is only $850 which is much lower than the US average of $1,430. Additionally, the grocery cost index in Prosper is 99 compared to 100 in the U.S., further showing how affordable it can be to live here.
Prosper's economy revolves around agriculture and farming with some smaller companies providing employment opportunities for locals. Some of these businesses include South Dakota Cherry Growers Inc., SEMA Equipment LLC, and Spicer Seed LLC. There are also a few larger companies that offer jobs such as Walmart Distribution Center and Mid-Central Products Inc. The job market here has seen some growth over recent years though there remain limited opportunities for higher-paying jobs outside of farming related occupations or those offered by larger employers such as Walmart or Mid-Central Products Inc..
Prosper has an unemployment rate of 2.9%. The US average is 6.0%.
Prosper has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Prosper
- The Sales Tax Rate for Prosper is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Prosper 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 Prosper
- The average income of a Prosper resident is $23,866 a year. The US average is $28,555 a year.
- The Median household income of a Prosper resident is $68,750 a year. The US average is $69,021 a year.