Centerville, SD Economy


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Centerville, South Dakota is a small town located in the southeastern part of the state. It has a population of just over 2,500 people and is known for its charming downtown area and peaceful atmosphere. The cost of living in Centerville is significantly lower than the US average, with two bedroom rent being approximately $860 per month compared to $1,430 in the US. Grocery costs are also lower, with a grocery cost index of 97 versus 100 in the US.
The town offers many local businesses such as Lincoln Market Bakery and Cafe, Centerville Carpet Cleaning Services, Big Daddy's Gun Shop & Pawn and Annette's Attic Antiques. Recreational activities include golfing at Elks Country Club and fishing at Shetek Lake. There are several parks within close proximity to Centerville which provide beautiful trails for hiking and biking. Additionally, there are plenty of shopping opportunities to explore in Centerville with stores ranging from clothing boutiques to hardware stores.

Centerville has an unemployment rate of 2.8%. The US average is 6.0%.

Centerville has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Centerville
- The Sales Tax Rate for Centerville is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Centerville 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 Centerville
- The average income of a Centerville resident is $21,417 a year. The US average is $28,555 a year.
- The Median household income of a Centerville resident is $42,344 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCenterville, South DakotaUnited States
  2.86
  -1.1%-6.2%
  30.1%33.5%
  6.5%6.2%
  0.0%4.6%
  $24,592$37,638
  $42,344$69,021
  $71,136$85,028
  Population by Occupation
  4.1%1.2%
  0.0%0.5%
  5.6%6.8%
  10.5%10.0%
  6.7%2.5%
  11.3%11.0%
  6.1%4.8%
  1.3%0.8%
  0.8%1.9%
  8.7%4.7%
  0.8%1.9%
  2.8%7.6%
  0.0%0.1%
  6.4%4.2%
  10.2%9.3%
  15.6%14.0%
  0.5%2.1%
  2.0%7.0%
  1.5%4.8%
  5.1%4.7%
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