Castlewood, SD is an affordable place to live with an average two bedroom rental price of $840 as compared to the US average of $1,430. Living in Castlewood is also cheaper when it comes to grocery costs; the Grocery Cost Index here is 99 out of 100 compared to the US. There are several local businesses in Castlewood that residents enjoy supporting such as Nelson’s Hardware Store, Ernie’s Auto Service, and The Castle Café. Additionally, there are a few retail shops including Tucker’s Clothing and Jack’s Bargain Outlet.
Castlewood has an unemployment rate of 2.6%. The US average is 6.0%.
Castlewood has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Castlewood
- The Sales Tax Rate for Castlewood is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Castlewood 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 Castlewood
- The average income of a Castlewood resident is $22,280 a year. The US average is $28,555 a year.
- The Median household income of a Castlewood resident is $69,844 a year. The US average is $69,021 a year.