The city of Groton, South Dakota, with a population of just over 5,700, is an affordable place to live. Specifically for rent, a two-bedroom unit in Groton will cost you about $840 per month - significantly lower than the US average of $1,430. When it comes to groceries and basic cost of living expenses, Groton's index is in line with the US average at 100. Those looking for employment opportunities can find a range of companies in Groton including Bankwest Inc., Korrect Plumbing & Heating Inc., Data Technologies Solutions LLC., and Groton Livestock Exchange Inc. All in all, Groton is an economically friendly city with plenty to offer for both families and individuals alike.
Groton (zip 57445) has an unemployment rate of 3.0%. The US average is 6.0%.
Groton (zip 57445) 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 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Groton (zip 57445)
- The Sales Tax Rate for Groton (zip 57445) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Groton (zip 57445) 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 Groton (zip 57445)
- The average income of a Groton (zip 57445) resident is $29,531 a year. The US average is $28,555 a year.
- The Median household income of a Groton (zip 57445) resident is $69,821 a year. The US average is $69,021 a year.