Oldham, SD is a small town with an estimated population of 1,312 people. It is a rural area located northwest of Sioux Falls and has access to many outdoor activities such as fishing and camping. The cost of living in Oldham is cheaper than the national average. The 2 bedroom rent in Oldham is $750 which is significantly lower than the U.S average rent of $1,430 per month for a two bedroom rental. Furthermore, the Grocery Cost Index in Oldham is 93 versus 100 in the US showing that groceries are more affordable here compared to other areas. \nLocal companies that operate in Oldham include Farmers Coop elevator, True Value Hardware & Lumber, and Dean’s Market & Hardware Store. These businesses provide essential services to the local community such as supplying farm equipment and tools for home repairs as well as providing produce and other food items for purchase.
Oldham has an unemployment rate of 3.2%. The US average is 6.0%.
Oldham has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 20.7%, which is lower than the US average of 33.5%.
Tax Rates for Oldham
- The Sales Tax Rate for Oldham is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Oldham 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 Oldham
- The average income of a Oldham resident is $40,334 a year. The US average is $37,638 a year.
- The Median household income of a Oldham resident is $27,917 a year. The US average is $69,021 a year.