Smith, SD is a small town located in the Midwest of the United States. The cost of living in Smith is quite affordable compared with other areas in the country, as 2 bedroom rent averages $830 per month compared to $1,430 for the U.S. as a whole. The Grocery Cost Index for Smith is 96 versus 100 for the U.S., making groceries reasonably priced too. Smith offers a variety of local companies, businesses and amenities such as Smith Auto Services which offers car repair and maintenance services; Diner Down Town which serves delicious home-style food; and Smith Park which has outdoor activities like fishing and hiking trails. Additionally there are many shops and boutiques downtown that offer unique products from local artisans. With its low cost of living and plentiful attractions, Smith is an ideal place to settle down or visit for vacationers alike!
Smith has an unemployment rate of 2.4%. The US average is 6.0%.
Smith has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Smith
- The Sales Tax Rate for Smith is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Smith 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 Smith
- The average income of a Smith resident is $22,829 a year. The US average is $28,555 a year.
- The Median household income of a Smith resident is $70,781 a year. The US average is $69,021 a year.