Blom, SD is a small city located in southeastern South Dakota. This area is known for its friendly people and strong sense of community. The cost of living in Blom is relatively low when compared to other cities in the United States. For example, the average 2 bedroom rental rate is only $820 per month compared to the national average of $1,430. Additionally, the grocery cost index for Blom is 97 versus 100 for the US on average. There are a few local companies such as Blom Trading Post and Biggins' Bakery that offer products and services to residents of this small town. These two businesses have been around for over 20 years and contribute positively to the economy of Blom.
Blom has an unemployment rate of 5.3%. The US average is 6.0%.
Blom has seen the job market increase by 6.5% over the last year. Future job growth over the next ten years is predicted to be 11.7%, which is lower than the US average of 33.5%.
Tax Rates for Blom
- The Sales Tax Rate for Blom is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Blom 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 Blom
- The average income of a Blom resident is $45,028 a year. The US average is $37,638 a year.
- The Median household income of a Blom resident is $84,167 a year. The US average is $69,021 a year.