Stephan, South Dakota is a small town located in the midwestern portion of the state. With a population of only 57346 inhabitants, the town offers a tranquil environment with plenty of natural sights to explore. The cost of living in Stephan is relatively low; for instance, the average rent for two-bedroom apartments is $810 compared to $1,430 nationwide. Grocery prices also tend to be lower than the US Average at 97 against 100 points on the Grocery Cost Index.
Despite its small size, Stephan has many local businesses and industries that provide jobs and services to its citizens. Notable employers include A&B Railroad Services, SunOpta Grains & Foods Inc., Swift Transportation Company, and Sioux Nation Agriculture. Furthermore, tourism is an important economic activity that fuels Stephan’s economy due to its abundance of natural attractions like Lake Oahe, Big Bend Dam & Recreation Area, Deer Haven Resort & Golf Course, and Bear Claw Casino & Lodge.
Stephan (zip 57346) has an unemployment rate of 1.7%. The US average is 6.0%.
Stephan (zip 57346) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Stephan (zip 57346)
- The Sales Tax Rate for Stephan (zip 57346) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Stephan (zip 57346) 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 Stephan (zip 57346)
- The average income of a Stephan (zip 57346) resident is $32,861 a year. The US average is $37,638 a year.
- The Median household income of a Stephan (zip 57346) resident is $48,393 a year. The US average is $69,021 a year.