Frankfort, SD is a small town known for its close-knit community. It offers affordable living costs such as 2 bedroom rent at $810, compared to the US average of $1,430. Frankfort also boasts a low grocery cost index of 96 compared to the US' 100. In addition to the low cost of living, Frankfort is home to many local businesses like Wild Goose Farm, Forever Green Landscaping & Supply Co., and J&J's General Store. These businesses offer products and services that are more affordable than their national counterparts while providing excellent quality and customer service.
Frankfort has an unemployment rate of 4.1%. The US average is 6.0%.
Frankfort has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Frankfort
- The Sales Tax Rate for Frankfort is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Frankfort 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 Frankfort
- The average income of a Frankfort resident is $19,373 a year. The US average is $28,555 a year.
- The Median household income of a Frankfort resident is $38,125 a year. The US average is $69,021 a year.