Milesville, South Dakota is a small rural community located in the western part of the state. With a population of just 57553, it has a very low cost of living compared to its larger neighbors. The average 2 bedroom rent is $1,060 compared to $1,430 in the US, making it quite affordable for those who would like to call Milesville home. Additionally, the grocery cost index in Milesville is 95 versus 100 in the US making groceries there quite inexpensive as well.
The town is home to several businesses including Dave’s Grocery which specializes in local produce and all-natural products; Diamond Cattle Company which raises cattle and other animals; Jay’s Auto Repair which offers quality automobile service; and P&T Construction which specializes in residential building projects throughout the county. All of these companies contribute to the economy of Milesville, ensuring it remains vibrant and prosperous for generations to come.
Milesville (zip 57553) has an unemployment rate of 2.7%. The US average is 6.0%.
Milesville (zip 57553) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Milesville (zip 57553)
- The Sales Tax Rate for Milesville (zip 57553) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Milesville (zip 57553) 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 Milesville (zip 57553)
- The average income of a Milesville (zip 57553) resident is $47,397 a year. The US average is $37,638 a year.
- The Median household income of a Milesville (zip 57553) resident is $125,329 a year. The US average is $69,021 a year.