Sheridan, SD is an idyllic city located in the American Midwest. It's known for its strong sense of community and lower-than-average cost of living, with two bedroom rent costing $900 compared to the US average of $1,430. Grocery prices are also comparatively low in Sheridan, with a grocery cost index of 100 versus 100 in the US. There are many local businesses throughout town, such as Big Mike's Burgers & Brews, The Green Cafe coffee shop, and Sheridan Realty Group real estate agency. These companies contribute to the unique culture that makes Sheridan a great place to live and work.
Sheridan has an unemployment rate of 3.5%. The US average is 6.0%.
Sheridan has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Sheridan
- The Sales Tax Rate for Sheridan is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sheridan 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 Sheridan
- The average income of a Sheridan resident is $20,164 a year. The US average is $28,555 a year.
- The Median household income of a Sheridan resident is $67,468 a year. The US average is $69,021 a year.