Geneseo, SD Economy


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United States / South Dakota / No Metro Area / Roberts County / Geneseo / Zip Codes
Geneseo, SD is a small town located in South Dakota. It has an estimated population of 1214 people. The average 2-Bedroom Rent in Geneseo is $810, which is approximately 41% less than the US average of $1,430. The Grocery Cost Index in Geneseo is 98 versus 100 in the US. This makes it a great place for families and individuals to get more bang for their buck when it comes to cost of living.
Some local companies that operate within Geneseo are Geneseo Grocery Store, J&J Trucking, South Dakota Beef Industry Council, and Red Rock Construction Services. There is also First National Bank in Geneseo as well as an insurance agency that offers local residents services such as auto insurance and life insurance policies. Finally, a veterinary clinic is available for animal care needs.

Geneseo has an unemployment rate of 5.5%. The US average is 6.0%.

Geneseo has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Geneseo
- The Sales Tax Rate for Geneseo is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Geneseo 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 Geneseo
- The average income of a Geneseo resident is $16,636 a year. The US average is $37,638 a year.
- The Median household income of a Geneseo resident is $52,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeneseo, South DakotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health
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