The cost of living in Aberdeen, SD (57401) is relatively low compared to the US average. Median rent for a two-bedroom apartment is $850, which is almost 40% lower than the national average of $1,430. Grocery costs are also below the US average, with an index of 100 versus 100 in the US. This means that groceries are generally cheaper in Aberdeen than in other parts of the country.
There are many local businesses located in Aberdeen that make it a great place to live and work. Popular stores and restaurants include Ken's SuperFair Foods, M&H Marketplace, KFC/Taco Bell, and Dacotah Bank. There are also numerous movie theatres, nightlife venues such as bars and clubs as well as art galleries, museums and other cultural attractions. In addition to these businesses there are several colleges including Northern State University and Presentation College that provide educational opportunities.
Aberdeen (zip 57401) has an unemployment rate of 3.0%. The US average is 6.0%.
Aberdeen (zip 57401) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Aberdeen (zip 57401)
- The Sales Tax Rate for Aberdeen (zip 57401) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Aberdeen (zip 57401) 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 Aberdeen (zip 57401)
- The average income of a Aberdeen (zip 57401) resident is $27,496 a year. The US average is $28,555 a year.
- The Median household income of a Aberdeen (zip 57401) resident is $61,505 a year. The US average is $69,021 a year.