De Smet, SD is a small town located in Kingsbury County. It has a population of just under 1,000 people and is known for its friendly atmosphere and great outdoors activities to enjoy. Most recently, it has become attractive because of its low 2 bedroom rent at $840 compared to the US median at $1,430. Additionally, De Smet's Grocery Cost Index stands at 98 versus 100 in the United States. This makes it a great place to shop for groceries! Local businesses that make De Smet particularly desirable are family-run eateries like Gebhardt's Cafe and Schroeder's Grocery Store as well as the specialty stores such as Simply Unique Boutique and Uniquely Yours Gift Shop. With its low rent prices and grocery costs, De Smet is an ideal location for any cost-conscious shopper or resident looking to find their home away from home.
De Smet has an unemployment rate of 3.2%. The US average is 6.0%.
De Smet has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 20.7%, which is lower than the US average of 33.5%.
Tax Rates for De Smet
- The Sales Tax Rate for De Smet is 6.5%. The US average is 7.3%.
- The Income Tax Rate for De Smet 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 De Smet
- The average income of a De Smet resident is $32,890 a year. The US average is $37,638 a year.
- The Median household income of a De Smet resident is $71,875 a year. The US average is $69,021 a year.