Herrick township, SD is a small town located in the Midwest United States. It is known for its friendly atmosphere and great educational opportunities. With affordable living costs and plenty of local businesses, Herrick township makes an attractive place to live. The cost of two bedroom apartments is around $770 which is significantly less than the US average of $1,430. Additionally, the Grocery Cost Index in Herrick township is 97 compared to the US average of 100 making groceries more affordable here too.
Local businesses in Herrick include grocery stores like K & T Groceries, hardware stores such as B-Line Hardware Store, and restaurants like DeJaco’s Café & Deli. There are also several small shops specializing in unique items from locally crafted items to handmade furniture pieces. Businesses in Herrick township benefit from low taxes and generous incentives offered by the state government for new business start-ups. This has contributed to a strong economic climate that supports these local businesses.
Herrick township (Deuel County) has an unemployment rate of 5.3%. The US average is 6.0%.
Herrick township (Deuel County) has seen the job market increase by 6.5% over the last year. Future job growth over the next ten years is predicted to be 11.7%, which is lower than the US average of 33.5%.
Tax Rates for Herrick township (Deuel County)
- The Sales Tax Rate for Herrick township (Deuel County) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Herrick township (Deuel County) 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 Herrick township (Deuel County)
- The average income of a Herrick township (Deuel County) resident is $39,195 a year. The US average is $37,638 a year.
- The Median household income of a Herrick township (Deuel County) resident is $74,712 a year. The US average is $69,021 a year.