Cherry Creek, SD (Zip code 57622) is a small town with a population of only 133 people. Despite its small population, Cherry Creek offers affordable living as 2 bedroom rent here is only $730 compared to the US average of $1,430. Additionally, grocery cost index in Cherry Creek is 90 versus 100 in the US which makes it a great choice for those looking to save money. The local businesses include an auto body shop, post office, bar and gas station. With such low rents and grocery costs combined with the presence of several local businesses, it's no wonder that Cherry Creek is becoming an increasingly popular destination for those looking to live affordably.
Cherry Creek (zip 57622) has an unemployment rate of 3.0%. The US average is 6.0%.
Cherry Creek (zip 57622) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 15.8%, which is lower than the US average of 33.5%.
Tax Rates for Cherry Creek (zip 57622)
- The Sales Tax Rate for Cherry Creek (zip 57622) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Cherry Creek (zip 57622) 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 Cherry Creek (zip 57622)
- The average income of a Cherry Creek (zip 57622) resident is $8,084 a year. The US average is $37,638 a year.
- The Median household income of a Cherry Creek (zip 57622) resident is $20,694 a year. The US average is $69,021 a year.