Prairiewood, SD is a vibrant city located in the heart of the Midwest. It is known for its low cost of living, with two bedroom rent at $850 USD compared to an average of $1,430 USD across the United States. The grocery cost index in Prairiewood is also 100 versus the national average of 100, making it a great place to live. Not only is Prairiewood economically friendly, but it also boasts a variety of local companies dedicated to providing goods and services to its citizens. Some well-known businesses located in Prairiewood include Smith’s Grocery Store, Gentry Auto Supply and Repair Shop, and Paulson Plumbing. These companies have been serving their community with excellent products and services for many years. Along with these local establishments, Prairiewood is home to hundreds of other businesses offering quality merchandise and amenities.
Prairiewood has an unemployment rate of 3.0%. The US average is 6.0%.
Prairiewood 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 Prairiewood
- The Sales Tax Rate for Prairiewood is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Prairiewood 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 Prairiewood
- The average income of a Prairiewood resident is $66,121 a year. The US average is $28,555 a year.
- The Median household income of a Prairiewood resident is $139,125 a year. The US average is $69,021 a year.