The small town of Morristown, SD (zip code 57645) is a great place to live with an affordable cost of living. The 2 bedroom rent in the area is $740, compared to the US average of $1,430. Additionally, the grocery cost index in this area is 93 compared to 100 in the US. This makes it one of the most affordable places to live for those on a budget.
Residents have plenty of options when it comes to finding a job. Local companies include 1st National Bank, Advanced Ag Services, Big Stone Therapies Inc., Exacto Inc., and Sunhearst Publishing Co. There are also many local businesses providing services such as auto repair shops, hardware stores, and restaurants. With so many available jobs and affordable housing costs, residents can have a comfortable lifestyle while maintaining financial stability.
Morristown (zip 57645) has an unemployment rate of 3.5%. The US average is 6.0%.
Morristown (zip 57645) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Morristown (zip 57645)
- The Sales Tax Rate for Morristown (zip 57645) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Morristown (zip 57645) 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 Morristown (zip 57645)
- The average income of a Morristown (zip 57645) resident is $37,967 a year. The US average is $37,638 a year.
- The Median household income of a Morristown (zip 57645) resident is $40,938 a year. The US average is $69,021 a year.