Westport, SD Economy


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Westport town, SD is a vibrant town that offers the convenience of nearby amenities paired with affordable housing. The average two-bedroom rental cost in Westport is $820, which is significantly lower than the national average of $1,430. Residents can save even more on groceries as Westport has a Grocery Cost Index of 96 compared to the 100 in the United States. There are several local businesses in Westport including ABC Store, XYZ Restaurant and GHI Hardware Store that offer residents goods and services at competitive prices. All in all, Westport is a great place to call home with its lower cost of living compared to other parts of the country.

Westport has an unemployment rate of 3.0%. The US average is 6.0%.

Westport has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.

Tax Rates for Westport
- The Sales Tax Rate for Westport is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Westport 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 Westport
- The average income of a Westport resident is $25,649 a year. The US average is $28,555 a year.
- The Median household income of a Westport resident is $51,912 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestport, South DakotaUnited States
  36
  -2.2%-6.2%
  25.1%33.5%
  4.5%6.2%
  0.0%4.6%
  $21,717$37,638
  $51,912$69,021
  $56,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.4%6.8%
  43.4%10.0%
  0.0%2.5%
  3.8%11.0%
  3.8%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  26.4%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  3.8%7.0%
  1.9%4.8%
  7.5%4.7%
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