Garretson, SD is a small city in South Dakota with an approximate population of 1,100 people. It is a great place to live due to its affordable cost of living with an average two bedroom rent of $830 per month compared to the US 2 Bedroom Rent at $1,430. Additionally, the Grocery Cost Index in Garretson is 103 versus 100 in the US. This means that groceries are only slightly more expensive than the national average. \nWhen it comes to local businesses, Garretson prides itself on having many small family-run companies such as Clark's Custom Meat Processing which offers custom meat cutting services for livestock raised in Minnehaha and Lincoln Counties. Another popular business is Garretson Lumber & Hardware Store which boasts a wide array of products including tools, hardware supplies, lumber and building materials. With such great affordability and local businesses, Garretson is definitely worth considering when looking for a new home!
Garretson has an unemployment rate of 3.2%. The US average is 6.0%.
Garretson has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Garretson
- The Sales Tax Rate for Garretson is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Garretson 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 Garretson
- The average income of a Garretson resident is $32,287 a year. The US average is $37,638 a year.
- The Median household income of a Garretson resident is $61,723 a year. The US average is $69,021 a year.