Racine, SD is a small town situated in the Midwest. It's a great place to live if you're looking for affordability as the average rent for a two-bedroom apartment is only $830 per month, and the grocery cost index in Racine is also lower compared to the US average of 100. The town has plenty of opportunities in terms of employment with major local companies such as 3M, Case New Holland and SC Johnson & Son Inc. offering good job prospects for its residents. Furthermore, there are many recreational activities available such as biking trails, parks and lakes that make it an ideal place to call home.
Racine has an unemployment rate of 5.5%. The US average is 6.0%.
Racine has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Racine
- The Sales Tax Rate for Racine is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Racine 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 Racine
- The average income of a Racine resident is $24,371 a year. The US average is $28,555 a year.
- The Median household income of a Racine resident is $66,806 a year. The US average is $69,021 a year.