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Spirit Mound, SD Economy
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United States
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South Dakota
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Vermillion Metro Area
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Clay County
/ Spirit Mound /
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EXPLORE SPIRIT MOUND
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Spirit Mound, SD is an attractive area for those looking to save on costs. The average two bedroom rent is just $690 per month, compared to the US average of $1,430. This makes Spirit Mound an especially good option for those willing to make a move. The grocery cost index in Spirit Mound is also low with a score of 98 versus 100 in the US.
This small town has all the amenities needed for everyday living, including supermarkets like Market Basket and IGA, hardware stores like True Value and Ace Hardware, and even specialty shops such as South Dakota Kettle Corn Company. In addition to having lower prices than other towns and cities across the country, Spirit Mound also offers residents unique activities such as ski resorts at Terry Peak and Deer Mountain or snowmobile trails at Alkali Lake State Park.
Overall, Spirit Mound's cost of living is quite affordable despite its small size. With a low rent price and grocery cost index compared to other parts of the US, this town can be a great fit for those looking to save money while still enjoying all that South Dakota has to offer.
Income by Population Percent
Economy
Spirit Mound, South Dakota
United States
Unemployment Rate
2.7
6
Recent Job Growth
-5.0%
-6.2%
Future Job Growth
33.3%
33.5%
Sales Taxes
4.5%
6.2%
Income Tax
0.0%
4.6%
Income per Cap.
$132,574
$37,638
Household Income
69021
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