Merton, SD is an attractive town to live in for its affordability. With a two bedroom rent cost averaging at $830, residents enjoy significantly lower costs than the US average of $1430. Additionally, Merton's Grocery Cost Index of 97 versus 100 in the US further illustrates the town’s affordability compared to other places. The town also offers a range of local companies for employment opportunities such as Merton Tool and Company, a manufacturer of high quality hand tools, and Merton Farms, a family-run farm that produces organic vegetables and fruits. These local businesses not only benefit local residents by providing jobs but also support economic growth in the area by stimulating increased activity in the country.
Merton has an unemployment rate of 3.6%. The US average is 6.0%.
Merton has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Merton
- The Sales Tax Rate for Merton is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Merton 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 Merton
- The average income of a Merton resident is $26,896 a year. The US average is $28,555 a year.
- The Median household income of a Merton resident is $59,063 a year. The US average is $69,021 a year.