Tea, SD is an attractive city with a lot of potential for families and individuals alike. It has a low cost of living compared to the national average, with rent for a two bedroom apartment costing $1,110 and groceries costing 103 on the US Grocery Cost Index versus 100 nationally. Tea has been growing in recent years, with many local businesses such as Tea Auto Body Repair, The Coffee Stop Cafe, and Tea Bicycle Company all providing excellent services and products to those who call this city home.
Tea has an unemployment rate of 2.5%. The US average is 6.0%.
Tea has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Tea
- The Sales Tax Rate for Tea is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Tea 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 Tea
- The average income of a Tea resident is $33,607 a year. The US average is $37,638 a year.
- The Median household income of a Tea resident is $91,544 a year. The US average is $69,021 a year.