North Spearfish, SD is an attractive place to live due to its affordability. The average two-bedroom rent rate is only $860 per month, which is much lower than the US average of $1,430. Additionally, the grocery cost index is 101 versus 100 in the US. This makes it significantly more affordable for residents to purchase essential items.
The area has a few popular local businesses that further contribute to the quality of life in North Spearfish. These include Northern Plains Distributing, YCS Industries Inc., and Spearfish Sports Inc. Each company provides considerations for local residents by offering employment opportunities or an array of products and services geared towards nearby communities.
Living in North Spearfish offers many benefits such as affordability, convenient access to local businesses and employment opportunities, as well as a pleasant atmosphere with access to outdoor recreation activities such as fishing or hunting in nearby parks and forests. Residents also have easy access to major highways for commuting or leisure trips. It’s no wonder why this small town continues to grow and provide a high quality of life for its citizens.
North Spearfish has an unemployment rate of 3.0%. The US average is 6.0%.
North Spearfish has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for North Spearfish
- The Sales Tax Rate for North Spearfish is 6.5%. The US average is 7.3%.
- The Income Tax Rate for North Spearfish 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 North Spearfish
- The average income of a North Spearfish resident is $36,464 a year. The US average is $37,638 a year.
- The Median household income of a North Spearfish resident is $68,438 a year. The US average is $69,021 a year.