Central Point, SD is a small town located in the southern part of the state. It is known for its friendly atmosphere and low cost of living. The average two bedroom rent in Central Point is $840 which is considerably lower than the national average at $1,430. Additionally, the grocery cost index in Central Point is 96 versus 100 in the US making it an economical place to live. Local businesses in Central Point include the Old Mill Café, Chet’s Auto Repair shop, Smith’s Hardware store and Ridgeview Veterinary Clinic. These local establishments provide residents with easy access to goods and services they may need.
Central Point has an unemployment rate of 5.5%. The US average is 6.0%.
Central Point has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Central Point
- The Sales Tax Rate for Central Point is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Central Point 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 Central Point
- The average income of a Central Point resident is $51,606 a year. The US average is $37,638 a year.
- The Median household income of a Central Point resident is $0 a year. The US average is $69,021 a year.