Chery, SD Economy


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Cherry, SD is a popular destination for people looking to live in a quieter community with a slower pace. The average rent for a two bedroom home is $740, which is far lower than the national average of $1,430. The cost of groceries in Cherry compared to the rest of the US is 96 versus 100. This makes living in Cherry even more attractive as it provides great value. In terms of local companies and businesses there are many options available. The main industries in Cherry are oil production, agriculture and tourism. Popular attractions include the Oahe Dam National Recreation Area which features a wide variety of wildlife and outdoor activities such as hiking, fishing and boating. Cherry also has an abundance of restaurants ranging from fast food chains to traditional mom-and-pop eateries. There's also plenty of shopping opportunities with local boutiques, malls and antique shops offering everything from jewelry to furniture.

Chery has an unemployment rate of 2.1%. The US average is 6.0%.

Chery has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.

Tax Rates for Chery
- The Sales Tax Rate for Chery is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Chery 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 Chery
- The average income of a Chery resident is $18,149 a year. The US average is $28,555 a year.
- The Median household income of a Chery resident is $55,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChery, South DakotaUnited States
  2.16
  5.3%-6.2%
  29.0%33.5%
  6.5%6.2%
  0.0%4.6%
  $37,336$37,638
  $55,000$69,021
Family Median Income 85028
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