Vermillion, SD Metro Area is a great place to live with plenty of amenities. Home to two universities, the University of South Dakota and Dakota State University, there are many companies in the area providing excellent job opportunities for students and other professionals. Local companies include Dakotaland Federal Credit Union, Sanford Health Vermillion Clinic, First Dakota National Bank, and Dacotah Bank. In terms of affordability, the two-bedroom rent is $870 which is lower than the national average of $1,430. Additionally, grocery costs in Vermillion have an index score of 97 out of 100 which means groceries are cheaper in Vermillion than most locations around the US.
Vermillion Metro Area has an unemployment rate of 2.7%. The US average is 6.0%.
Vermillion Metro Area has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Vermillion Metro Area
- The Sales Tax Rate for Vermillion Metro Area is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Vermillion Metro Area 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 Vermillion Metro Area
- The average income of a Vermillion Metro Area resident is $21,044 a year. The US average is $28,555 a year.
- The Median household income of a Vermillion Metro Area resident is $56,077 a year. The US average is $69,021 a year.