Summerset, SD is a small town located in South Dakota. It is known for its affordable housing and low cost of living. The average two-bedroom rent in Summerset is $1,100 per month, which is significantly lower than the national average of $1,430. Additionally, the local grocery cost index is 100 versus 100 in the US making Summerset an attractive location for those looking for an affordable place to live. Some of the local companies that operate in Summerset include a hotel, movie theater, and several restaurants. There are also several shopping centers and retail stores as well as banks and other financial institutions located in Summerset that service the local community.
Summerset has an unemployment rate of 3.3%. The US average is 6.0%.
Summerset 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 Summerset
- The Sales Tax Rate for Summerset is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Summerset 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 Summerset
- The average income of a Summerset resident is $25,795 a year. The US average is $28,555 a year.
- The Median household income of a Summerset resident is $91,667 a year. The US average is $69,021 a year.