Beresford, SD is an affordable place to live. The average two bedroom rent in Beresford is $860 a month compared to the US average of $1,430. This makes Beresford one of the most cost-effective places to live in the country. Additionally, grocery cost index in Beresford is 98 compared to the US index of 100, making it even more affordable for locals. There are several local companies based in Beresford such as Dakota Data Shredders, Klock Werks and Glacial Lakes Energy. All three have been operating for many years and provide employment opportunities for the local community.
Beresford has an unemployment rate of 3.7%. The US average is 6.0%.
Beresford has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Beresford
- The Sales Tax Rate for Beresford is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Beresford 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 Beresford
- The average income of a Beresford resident is $28,225 a year. The US average is $28,555 a year.
- The Median household income of a Beresford resident is $69,886 a year. The US average is $69,021 a year.