Concord, SD Economy


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United States / South Dakota / No Metro Area / Lake County / Concord / Zip Codes
Concord, SD is a great place to live for those looking for more affordable housing. Two bedroom rent in the area is only $840 compared to the national average of $1,430. Additionally, grocery costs in Concord are 3% lower than the national average. The area offers plenty of amenities including local businesses such as B&B Grocery and Harding Insurance Agency. Those looking for an affordable yet comfortable place to call home should consider Concord, SD.

Concord has an unemployment rate of 3.0%. The US average is 6.0%.

Concord has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.

Tax Rates for Concord
- The Sales Tax Rate for Concord is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Concord 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 Concord
- The average income of a Concord resident is $29,215 a year. The US average is $28,555 a year.
- The Median household income of a Concord resident is $115,781 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyConcord, South DakotaUnited States
  36
  -2.8%-6.2%
  28.5%33.5%
  4.5%6.2%
  0.0%4.6%
  $54,261$37,638
  $115,781$69,021
  $110,750$85,028
  Population by Occupation
  21.9%1.2%
  0.0%0.5%
  4.7%6.8%
  7.8%10.0%
  3.1%2.5%
  9.4%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  26.6%7.6%
  0.0%0.1%
  12.5%4.2%
  14.1%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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