Anderson, SD Economy


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Anderson, SD is an affordable small town in America located in South Dakota. The average rent for a two-bedroom apartment is $1,020 compared to the nationwide average of $1,430. Additionally, the local grocery cost index is 102 versus 100 in the US. There are many local businesses and attractions that make Anderson, SD an attractive place to live. Local companies include Anderson Insurance Services and Claussen Trucking LLC., while popular tourist attractions include Lake Cochrane Recreation Area and Cattail Crossing Golf Course. With its affordability and great businesses and attractions, Anderson, SD has much to offer those looking to relocate or visit there.

Anderson has an unemployment rate of 3.2%. The US average is 6.0%.

Anderson has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.

Tax Rates for Anderson
- The Sales Tax Rate for Anderson is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Anderson 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 Anderson
- The average income of a Anderson resident is $34,682 a year. The US average is $28,555 a year.
- The Median household income of a Anderson resident is $121,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAnderson, South DakotaUnited States
  3.26
  -1.1%-6.2%
  35.6%33.5%
  6.5%6.2%
  0.0%4.6%
  $39,306$37,638
  $121,250$69,021
  $125,515$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  18.1%6.8%
  2.6%10.0%
  7.7%2.5%
  17.3%11.0%
  6.6%4.8%
  0.0%0.8%
  0.0%1.9%
  2.2%4.7%
  0.0%1.9%
  7.0%7.6%
  0.0%0.1%
  0.0%4.2%
  13.3%9.3%
  11.8%14.0%
  0.0%2.1%
  5.5%7.0%
  7.7%4.8%
  0.0%4.7%
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