Martin, SD is a small town in the heart of South Dakota. With a population of 57551, it is an affordable place to live with the average two bedroom rent costing $870 per month - significantly lower than the U.S. average of $1430 per month. Martin also has relatively low grocery costs, with an index of 96 compared to the U.S. average of 100. Local businesses in Martin include Hy-Vee grocery store, which offers a variety of affordable items such as fresh produce and home goods, and AutoZone automotive parts store which has parts for a range of makes and models at competitive prices. Other area stores include Spotted Crow Hardware Store selling hardware supplies at reasonable rates and Family Dollar offering discounted household items.
Martin (zip 57551) has an unemployment rate of 4.0%. The US average is 6.0%.
Martin (zip 57551) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Martin (zip 57551)
- The Sales Tax Rate for Martin (zip 57551) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Martin (zip 57551) 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 Martin (zip 57551)
- The average income of a Martin (zip 57551) resident is $22,985 a year. The US average is $37,638 a year.
- The Median household income of a Martin (zip 57551) resident is $45,972 a year. The US average is $69,021 a year.