Tamworth, SD is a small town located in the heart of America. Its population size is unbeatable with an average 2 bedroom rent of $830 compared to the national average of $1,430. This makes Tamworth an affordable place to live. The Grocery Cost Index in Tamworth stands at 97% compared to the US index of 100%, making it even more cost-friendly.
The small town has local businesses like O’Hara Family Farm that sell fresh produce and dairy products, Amish Country Store which stocks antiques and furniture, and Hendrickson Brothers Inc., which provides a wide range of services from landscaping to construction work.
In conclusion, Tamworth offers its residents great value for their money with its relatively low costs of living and its abundance of local businesses that provide quality goods and services.
Tamworth has an unemployment rate of 2.2%. The US average is 6.0%.
Tamworth has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Tamworth
- The Sales Tax Rate for Tamworth is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Tamworth 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 Tamworth
- The average income of a Tamworth resident is $23,877 a year. The US average is $28,555 a year.
- The Median household income of a Tamworth resident is $51,250 a year. The US average is $69,021 a year.