Sherman township (Brookings Cnty), SD is a small town in South Dakota that is known for its low cost of living. The average two bedroom rent is $890, compared to the US average of $1,430. Additionally, the Grocery Cost Index in Sherman township (Brookings Cnty), SD is 99 versus 100 in the US. This makes it an affordable place to live for those looking to save money. Local companies such as Brookers County Bank and Watertown Regional Medical provide employment opportunities, offering competitive wages that are on par with their national counterparts. For these reasons, many people have chosen Sherman township (Brookings Cnty), SD as their home.
Sherman township (Brookings County) has an unemployment rate of 3.1%. The US average is 6.0%.
Sherman township (Brookings County) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Sherman township (Brookings County)
- The Sales Tax Rate for Sherman township (Brookings County) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sherman township (Brookings County) 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 Sherman township (Brookings County)
- The average income of a Sherman township (Brookings County) resident is $42,545 a year. The US average is $37,638 a year.
- The Median household income of a Sherman township (Brookings County) resident is $53,875 a year. The US average is $69,021 a year.