Portland, SD is a small city located in South Dakota and offers an affordable cost of living. The average two bedroom rental costs $820 compared to the US average of $1,430 – making it substantially more affordable than many cities across the country. The Grocery Cost Index also reflects this with Portland scoring 98 versus the national average of 100 – indicating that groceries are also cheaper in Portland than in most other places.
Portland features a range of local companies, such as Spruce Acres Farm which specializes in growing organic produce, or A-1 Electric which provides quality electrical services at competitive prices. These local businesses help to keep costs down for residents and contribute to the city’s low cost of living. With these businesses offering convenient, high quality services at lower costs than bigger cities can offer, Portland is an excellent choice for those looking for an affordable place to live.
Portland has an unemployment rate of 5.3%. The US average is 6.0%.
Portland 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 11.7%, which is lower than the US average of 33.5%.
Tax Rates for Portland
- The Sales Tax Rate for Portland is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Portland 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 Portland
- The average income of a Portland resident is $16,635 a year. The US average is $28,555 a year.
- The Median household income of a Portland resident is $71,852 a year. The US average is $69,021 a year.