Big Springs, South Dakota is a small but vibrant town located in the scenic Black Hills. It is home to a number of local companies and establishments such as Big Springs Country Store, Circle K convenience store, and Dan's Garage. The cost of living in Big Springs is much lower than the US average with 2 bedroom rent costing only $860 compared to the US average of $1,430. Groceries are also relatively inexpensive with a grocery cost index of 95 versus 100 in the US. Other amenities include several restaurants, parks and trails for outdoor recreation, and a weekly farmers market offering fresh produce from local farms.
Big Springs has an unemployment rate of 3.7%. The US average is 6.0%.
Big Springs 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 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Big Springs
- The Sales Tax Rate for Big Springs is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Big Springs 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 Big Springs
- The average income of a Big Springs resident is $38,720 a year. The US average is $37,638 a year.
- The Median household income of a Big Springs resident is $0 a year. The US average is $69,021 a year.