Ramsey, SD is a small rural town located in the Northern part of South Dakota. The town is home to several local businesses such as Buffalo Ridge Farms, Ramsey Auto Parts, and Ramsey Lumber & Hardware. Despite its small size, Ramsey offers excellent amenities for its population.
The rent for two-bedroom apartments in Ramsey is much lower than the national average at just $850 compared to $1,430. Similarly, grocery costs are also relatively low as indicated by the Grocery Cost Index which is 99 versus 100 in the US. This makes life more affordable for many families living in Ramsey.
Ramsey has an unemployment rate of 2.9%. The US average is 6.0%.
Ramsey 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 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Ramsey
- The Sales Tax Rate for Ramsey is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Ramsey 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 Ramsey
- The average income of a Ramsey resident is $20,251 a year. The US average is $37,638 a year.
- The Median household income of a Ramsey resident is $0 a year. The US average is $69,021 a year.