Gem, SD is a small town with an estimated population of just over 900 people. It has a lower cost of living than the United States as a whole, with 2 bedroom rent costing only $840 compared to the US average of $1,430. The Grocery Cost Index in Gem is also significantly lower at just 100 versus 100 in the US. Gem is home to several businesses including Gem Machine and Fabrication which offers precision machining and welding services, and R&R Construction which provides custom home building services. There are also several local restaurants such as Moselle's Family Diner and Ben's Pizza & Subs that offer tasty fare for locals and visitors alike.
Gem has an unemployment rate of 3.0%. The US average is 6.0%.
Gem has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Gem
- The Sales Tax Rate for Gem is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Gem 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 Gem
- The average income of a Gem resident is $23,029 a year. The US average is $28,555 a year.
- The Median household income of a Gem resident is $58,625 a year. The US average is $69,021 a year.