Split Rock, SD is a town located in South Dakota with an estimated population of 1,000 people. It is known for its low cost of living as evidenced by the average 2 bedroom rent being $1,030 compared to the US average of $1,430. Grocery costs are also lower than in other parts of the country with an index rating of 102 versus 100 in the US. This makes Split Rock an ideal location for those looking to save money on expenses. Local businesses in Split Rock include a bakery, medical center, hardware store, and several family-run restaurants. Overall, living in Split Rock is great for those looking to save money while still having access to all necessary services and amenities.
Split Rock has an unemployment rate of 3.2%. The US average is 6.0%.
Split Rock has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Split Rock
- The Sales Tax Rate for Split Rock is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Split Rock 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 Split Rock
- The average income of a Split Rock resident is $40,112 a year. The US average is $28,555 a year.
- The Median household income of a Split Rock resident is $116,038 a year. The US average is $69,021 a year.