Salem, South Dakota (zip 57058) is an affordable place to live with 2 bedroom rent averaging $880 per month. This is significantly lower than the nation average of $1,430 for the same living arrangement. The Grocery Cost index for Salem is also relatively low at 98 compared to 100 nationally. Local companies in Salem include Torbert Construction, Agtegra Cooperative, T&J Auto Body and Repair, Blacktop Service Company, and Top of the Line Gutters and Exteriors. Many of these businesses are family owned and have been serving their community for generations.
Salem (zip 57058) has an unemployment rate of 2.9%. The US average is 6.0%.
Salem (zip 57058) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Salem (zip 57058)
- The Sales Tax Rate for Salem (zip 57058) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 57058) 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 Salem (zip 57058)
- The average income of a Salem (zip 57058) resident is $29,162 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 57058) resident is $75,417 a year. The US average is $69,021 a year.