Dearborn, SD is a vibrant community located in the Midwest. It is known for its friendly residents and close proximity to larger cities like Sioux Falls and Omaha. The cost of living in Dearborn is quite affordable with 2 bedroom rent averaging around $840 compared to the US average of $1,430. Groceries are even more budget-friendly with a local grocery cost index of 98 compared to 100 nationwide. There are many local businesses in Dearborn that make this town special including Soule's Food Center, Green Valley Family Pharmacy, Dearborn Veterinary Clinic and Spencer Outdoor Power Equipment.
Dearborn has an unemployment rate of 3.0%. The US average is 6.0%.
Dearborn has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Dearborn
- The Sales Tax Rate for Dearborn is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Dearborn 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 Dearborn
- The average income of a Dearborn resident is $41,481 a year. The US average is $28,555 a year.
- The Median household income of a Dearborn resident is $85,750 a year. The US average is $69,021 a year.