Zip 57016 (Chester, SD) Economy


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United States / South Dakota / No Metro Area / Lake County / No City / Chester (zip 57016)
The small town of Chester, South Dakota has a population of 57016 people and offers residents a cost of living which is lower than the national average. The average cost for 2 bedroom rent in Chester is $890 compared to the US average of $1,430. Additionally, the Grocery Cost Index is similar in Chester as it is in the US at 100. For those looking for employment opportunities, there are several local businesses that can provide them with great job prospects such as Home Town Insurance Agency, Ed's Auto Repair and Body Shop, and Lynn's Drive Thru Convenience Store. Each business offers jobs in various areas and provides an excellent opportunity for residents to find meaningful work.

Chester (zip 57016) has an unemployment rate of 3.0%. The US average is 6.0%.

Chester (zip 57016) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.

Tax Rates for Chester (zip 57016)
- The Sales Tax Rate for Chester (zip 57016) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Chester (zip 57016) 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 Chester (zip 57016)
- The average income of a Chester (zip 57016) resident is $32,957 a year. The US average is $28,555 a year.
- The Median household income of a Chester (zip 57016) resident is $87,763 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChester, South DakotaUnited States
  36
  -2.8%-6.2%
  28.5%33.5%
  4.5%6.2%
  0.0%4.6%
  $44,903$37,638
  $87,763$69,021
  $93,415$85,028
  Population by Occupation
  7.4%1.2%
  0.0%0.5%
  11.6%6.8%
  16.2%10.0%
  6.6%2.5%
  10.7%11.0%
  2.4%4.8%
  0.4%0.8%
  0.0%1.9%
  6.1%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  5.2%9.3%
  17.0%14.0%
  1.7%2.1%
  7.6%7.0%
  7.0%4.8%
  0.0%4.7%
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