Herreid, SD is a small town with a population of just over 900 people. It's known for its low cost of living and strong sense of community. The median two bedroom rent here is only $820 compared to the US average of $1430. Additionally, the cost of groceries is also significantly lower in Herreid than in other parts of the country, scoring 93 on a grocery cost index versus a national average of 100. \nHerreid has several local businesses including Tauer Repair, H & R Implement, and D & D Insurance Agency. These companies provide services for residents ranging from auto repair to farm equipment sales and insurance services. Other amenities include Herreid Community Center, Herreid Public Library, and City Cafe which offer local recreation and dining options.
Herreid has an unemployment rate of 3.9%. The US average is 6.0%.
Herreid has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for Herreid
- The Sales Tax Rate for Herreid is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Herreid 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 Herreid
- The average income of a Herreid resident is $27,492 a year. The US average is $28,555 a year.
- The Median household income of a Herreid resident is $66,000 a year. The US average is $69,021 a year.