Harmon, SD Economy


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United States / South Dakota / No Metro Area / Roberts County / Harmon / Zip Codes
Harmon, SD is a small city located in South Dakota, known for its affordable living costs. The average 2 bedroom rental cost in Harmon is only $810, making it significantly more budget friendly than the US average of $1,430 for a 2-bedroom home. Additionally, Harmon boasts a Grocery Cost Index of 98 compared to 100 in the United States – meaning groceries are two percent less expensive here than they are across the country on average. Well-known companies that make their home in Harmon include J&R Meats and Harmons IGA Supermarket. If you're looking for an affordable place to call home with plenty of retail options nearby, look no further than Harmon!

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

Harmon has seen the job market increase by 0.8% 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 Harmon
- The Sales Tax Rate for Harmon is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Harmon 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 Harmon
- The average income of a Harmon resident is $28,784 a year. The US average is $28,555 a year.
- The Median household income of a Harmon resident is $113,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHarmon, South DakotaUnited States
  5.56
  -2.8%-6.2%
  22.0%33.5%
  4.5%6.2%
  0.0%4.6%
  $46,591$37,638
  $113,125$69,021
  $125,833$85,028
  Population by Occupation
  36.1%1.2%
  0.0%0.5%
  0.7%6.8%
  1.4%10.0%
  15.0%2.5%
  2.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.7%7.6%
  0.0%0.1%
  1.4%4.2%
  7.5%9.3%
  23.1%14.0%
  0.0%2.1%
  7.5%7.0%
  0.0%4.8%
  4.8%4.7%
Health
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