Yale, SD is a small town located on the plains of South Dakota. It has a population of approximately 1,400 residents and is known for its friendly atmosphere. Despite its size, it offers plenty of amenities to its citizens including an array of businesses. Local companies include the Yale Grocery Store, Yanney Auto Repair, and Valley Oilfield Supply Company. The cost of living in Yale is relatively low compared to other towns in both South Dakota and across the nation. Rent for a two-bedroom apartment averages at $810, while the US average sits around $1,430. Additionally, Yale's grocery cost index comes in much lower than the national index at 97 versus 100. All in all, Yale is an affordable place to live with plenty of local businesses that make life in the town enjoyable and efficient.
Yale has an unemployment rate of 3.0%. The US average is 6.0%.
Yale has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Yale
- The Sales Tax Rate for Yale is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Yale 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 Yale
- The average income of a Yale resident is $29,211 a year. The US average is $28,555 a year.
- The Median household income of a Yale resident is $66,125 a year. The US average is $69,021 a year.