Cornwall, SD is a small town located in the Black Hills region of South Dakota. It is a popular tourist destination for its scenic landscape, outdoor recreation opportunities, and cultural attractions. They are also known for their affordable cost of living compared to the US. The average rent for a two bedroom apartment is $850 in Cornwall versus $1,430 in the US. Additionally, the Grocery Cost Index is 99 in Cornwall versus 100 in the US. Local businesses such as Corn Palace Market Cafe & Bakery and Nana’s Country Kitchen provide residents with quality food and services at affordable prices. This makes Cornwall an attractive option for those looking to save money on everyday expenses while still enjoying all that town has to offer.
Cornwall has an unemployment rate of 4.1%. The US average is 6.0%.
Cornwall has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Cornwall
- The Sales Tax Rate for Cornwall is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Cornwall 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 Cornwall
- The average income of a Cornwall resident is $27,960 a year. The US average is $37,638 a year.
- The Median household income of a Cornwall resident is $90,673 a year. The US average is $69,021 a year.