Deadwood, SD Economy


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Deadwood, SD is a small city nestled in the beautiful Black Hills. It is a popular tourist destination for its Wild West themed casinos and historic landmarks like Mount Rushmore. Despite its small size, Deadwood has many thriving businesses such as Deadwood Grille & Wine Bar, High Country Resort & Cabins, and The Homestake Lodge. The average rent for a two bedroom apartment in Deadwood is $970 per month which is lower than the US average of $1430. Additionally, the Grocery Cost Index in Deadwood is on par with the national average making it an affordable place to live.

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

Deadwood has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.

Tax Rates for Deadwood
- The Sales Tax Rate for Deadwood is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Deadwood 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 Deadwood
- The average income of a Deadwood resident is $26,248 a year. The US average is $28,555 a year.
- The Median household income of a Deadwood resident is $47,273 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDeadwood, South DakotaUnited States
  36
  -2.0%-6.2%
  32.9%33.5%
  6.5%6.2%
  0.0%4.6%
  $30,144$37,638
  $47,273$69,021
  $65,000$85,028
  Population by Occupation
  1.5%1.2%
  1.8%0.5%
  3.7%6.8%
  1.5%10.0%
  2.0%2.5%
  10.9%11.0%
  5.3%4.8%
  0.0%0.8%
  0.5%1.9%
  4.2%4.7%
  1.5%1.9%
  2.6%7.6%
  0.0%0.1%
  2.7%4.2%
  8.7%9.3%
  3.4%14.0%
  26.6%2.1%
  15.7%7.0%
  3.8%4.8%
  3.4%4.7%
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