Scotch Cap, SD is a great place to live with an affordable cost of living. Rent for a two-bedroom apartment is approximately $840 while the national average for the same space in the US is $1,430—a substantial savings from the national average. In terms of groceries, Scotch Cap has a location-specific grocery cost index of 92 versus 100 in the US. This indicates cheaper groceries than the national average. Scotch Cap is home to several businesses such as Ridgeview Construction and Anderson & Sons Plumbing. Both companies offer quality services at prices lower than the national average, making them a great choice for locals seeking reliable contractors at an affordable price.
Scotch Cap has an unemployment rate of 3.4%. The US average is 6.0%.
Scotch Cap has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Scotch Cap
- The Sales Tax Rate for Scotch Cap is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Scotch Cap 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 Scotch Cap
- The average income of a Scotch Cap resident is $0 a year. The US average is $28,555 a year.
- The Median household income of a Scotch Cap resident is $59,545 a year. The US average is $69,021 a year.