Elrod, SD Economy


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United States / South Dakota / No Metro Area / Clark County / Elrod / Zip Codes
Elrod, SD is a small town located in the Midwest of the United States. It has a population of around 500 and is known for its beautiful scenery. The 2 bedroom rent in Elrod is quite affordable compared to other towns in the US, with an average rate of $840 per month. Additionally, the cost of groceries is also relatively inexpensive with an index of 97 compared to the national average of 100.
The town is home to several businesses that provide services for the local community including Elrod Collision Repair, Elrod Plumbing and Heating, and P&S Tax Services. These companies have been providing quality services for many years and continue to do so today. For tourists and those looking to relocate or purchase property in Elrod, these businesses can make life much easier.

Elrod has an unemployment rate of 3.6%. The US average is 6.0%.

Elrod has seen the job market increase by 14.3% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.

Tax Rates for Elrod
- The Sales Tax Rate for Elrod is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Elrod 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 Elrod
- The average income of a Elrod resident is $13,283 a year. The US average is $37,638 a year.
- The Median household income of a Elrod resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElrod, South DakotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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