Aberdeen, SD is a vibrant city characterized by affordable living costs. The two bedroom rent is $850, which is significantly lower than the national average of $1,430. Moreover, the grocery cost index in Aberdeen is the same as that of the US at 100. This makes it an ideal place for those looking to live a comfortable life without breaking the bank. Local companies such as First Premier Bank and Dakotaland Federal Credit Union are present in Aberdeen and provide great job opportunities to its residents. All these factors make Aberdeen an attractive location with low cost of living and plenty of work opportunities.
Aberdeen has an unemployment rate of 3.0%. The US average is 6.0%.
Aberdeen has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Aberdeen
- The Sales Tax Rate for Aberdeen is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Aberdeen 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 Aberdeen
- The average income of a Aberdeen resident is $25,468 a year. The US average is $28,555 a year.
- The Median household income of a Aberdeen resident is $58,439 a year. The US average is $69,021 a year.