Forbes, SD is a small city located in South Dakota. It offers a variety of local businesses that provide employment opportunities for its residents. Some of these companies include John’s Auto Repair, All Seasons Realty, and Fossen Farms. Living in Forbes is quite affordable as 2 bedroom rent is only $800 per month compared to $1430 across the nation. Additionally, the grocery cost index is pegged at 98 versus 100 in the US, making food items fairly inexpensive for locals. All this makes Forbes an attractive option for those looking for an inexpensive place to live with access to basic amenities nearby.
Forbes has an unemployment rate of 3.9%. The US average is 6.0%.
Forbes has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 19.2%, which is lower than the US average of 33.5%.
Tax Rates for Forbes
- The Sales Tax Rate for Forbes is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Forbes 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 Forbes
- The average income of a Forbes resident is $4,111 a year. The US average is $37,638 a year.
- The Median household income of a Forbes resident is $11,603 a year. The US average is $69,021 a year.