Jefferson, South Dakota (zip code 57038) is an ideal place for those looking for a more affordable living situation. The 2 bedroom rent in Jefferson is only $950 compared to the US average of $1,430. This can be extremely beneficial for those on a budget or retirees looking to stretch their retirement dollars. Aside from cost savings on rent, other costs such as groceries are also cheaper in Jefferson with a grocery cost index of 99 versus 100 in the US .
Residents of Jefferson have access to a variety of local businesses including Woods Grocery Store, Hillcrest Dairyland Restaurant, Tabors Plumbing and Heating, and Triple H Construction. All these businesses contribute to the town’s economy and provide employment opportunities for local residents. With all these benefits combined, it makes sense that 2 bedroom rent in Jefferson could be even lower than it currently is at $950 per month. If one was able to save 10% from their current rental rate alone, they would be paying only about $855 per month. That’s an additional $75 saved every month!
Jefferson (zip 57038) has an unemployment rate of 3.7%. The US average is 6.0%.
Jefferson (zip 57038) has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Jefferson (zip 57038)
- The Sales Tax Rate for Jefferson (zip 57038) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Jefferson (zip 57038) 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 Jefferson (zip 57038)
- The average income of a Jefferson (zip 57038) resident is $55,192 a year. The US average is $37,638 a year.
- The Median household income of a Jefferson (zip 57038) resident is $143,220 a year. The US average is $69,021 a year.