Philip, South Dakota is a small town located in Haakon County with an estimated population of 575. The 2 bedroom rent in Philip is $860, which is significantly lower than the US average of $1,430. The grocery cost index in Philip is 96, which is slightly lower than the US average of 100. This makes Philip an affordable place to live and visit. In regards to businesses, there are several local establishments such as R&R Sports Bar & Grill, B-Bar Ranch & Cattle Co., and St. Onge Livestock Exchange Co.. Combined with the low rent and groceries costs, this makes for a great place to live with a fairly low cost of living.
Philip (zip 57567) has an unemployment rate of 2.7%. The US average is 6.0%.
Philip (zip 57567) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Philip (zip 57567)
- The Sales Tax Rate for Philip (zip 57567) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Philip (zip 57567) 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 Philip (zip 57567)
- The average income of a Philip (zip 57567) resident is $25,904 a year. The US average is $37,638 a year.
- The Median household income of a Philip (zip 57567) resident is $42,292 a year. The US average is $69,021 a year.