Truro, SD is a small midwestern town in the United States known for its quaint charm and tight-knit community. The rent for a two bedroom apartment is significantly lower than the US average at $840. Additionally, the cost of groceries in Truro is four points lower than the national index at 96 due to competitive local companies such as Johnson's Grocery Store and Thiede Market. These businesses have been providing quality goods to Truro residents for years and are beloved by locals. With its charming atmosphere and low costs of living, Truro is an ideal place to settle down or visit for a relaxing weekend getaway.
Truro has an unemployment rate of 2.3%. The US average is 6.0%.
Truro has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Truro
- The Sales Tax Rate for Truro is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Truro 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 Truro
- The average income of a Truro resident is $64,294 a year. The US average is $37,638 a year.
- The Median household income of a Truro resident is $70,313 a year. The US average is $69,021 a year.