Palmyra, SD is a small city located in the Midwest United States. It is a great place for anyone looking for affordable cost of living. In Palmyra, rent for a two bedroom apartment is significantly lower than the US average, at $840 per month compared to the US average of $1,430. The grocery cost index is also lower in Palmyra, at 98 versus 100 in the US, making groceries more affordable for its residents. Local businesses and companies in Palmyra include shops like C&D Grocery & Hardware and Carlsons Home Furnishings. Other notable local businesses are Hansen's Tire Service and Agers Truck Parts. With its low cost of living and abundance of local businesses, Palmyra makes a great place to call home.
Palmyra has an unemployment rate of 3.0%. The US average is 6.0%.
Palmyra has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Palmyra
- The Sales Tax Rate for Palmyra is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Palmyra 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 Palmyra
- The average income of a Palmyra resident is $22,161 a year. The US average is $28,555 a year.
- The Median household income of a Palmyra resident is $66,563 a year. The US average is $69,021 a year.