57538 Herrick, SD is a small town located in the foot hills of the Black Hills. It has a population of just over 500 residents and is known for its quiet atmosphere and rural feel. The average two bedroom rental price in Herrick is $770, which is much lower than the US average of $1,430. Additionally, the grocery cost index in Herrick is 95 compared to 100 in the US, meaning groceries are also less expensive here. Local companies in Herrick include Stockgrowers State Bank, Stockgrowers Ag Supply, and Outback Steakhouse & Saloon. All three businesses offer services for both local townspeople and visitors alike.
Herrick (zip 57538) has an unemployment rate of 2.8%. The US average is 6.0%.
Herrick (zip 57538) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Herrick (zip 57538)
- The Sales Tax Rate for Herrick (zip 57538) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Herrick (zip 57538) 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 Herrick (zip 57538)
- The average income of a Herrick (zip 57538) resident is $22,393 a year. The US average is $28,555 a year.
- The Median household income of a Herrick (zip 57538) resident is $40,000 a year. The US average is $69,021 a year.