Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $58,275 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $30,773 |
| Persons in poverty, percent | 11.9% |
Contents
What is a good salary in South Dakota?
Average Salary in South Dakota
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $86,109 | $7,175 |
| 75th Percentile | $70,801 | $5,900 |
| Average | $68,021 | $5,668 |
| 25th Percentile | $47,360 | $3,946 |
What is a livable salary in South Dakota?
Living Wage Calculation for South Dakota
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $12.61 | $14.84 |
| Poverty Wage | $6.13 | $5.22 |
| Minimum Wage | $9.30 | $9.30 |
How much do you need to live comfortably in South Dakota?
While a $45,000 salary might be sufficient for a family of three in South Dakota, you would need close to $60,000 on average to keep up in Hawaii, Connecticut, Massachusetts and New York, and a whopping $68,000 a year to get by in Washington D.C.
What is middle class in South Dakota?
America’s Fastest-Growing States
| State | Household Income Range for Middle Class |
|---|---|
| South Dakota | $23,824 – $98,019 |
| Tennessee | $21,573 – $98,679 |
| Texas | $26,114 – $124,754 |
| Utah | $34,588 – $128,053 |
Is South Dakota cheap to live?
An amount below 100 means South Dakota is cheaper than the US average. A cost of living index above 100 means South Dakota, South Dakota is more expensive.
South Dakota cost of living is 88.3.
| COST OF LIVING | South Dakota | United States |
|---|---|---|
| Health | 101.5 | 100 |
| Housing | 83.8 | 100 |
| Median Home Cost | $239,500 | $291,700 |
| Utilities | 93.6 | 100 |
What is the average hourly rate in South Dakota?
Hourly Rate Salary in South Dakota
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $59,798 | $29 |
| 75th Percentile | $46,403 | $22 |
| Average | $37,453 | $18 |
| 25th Percentile | $27,746 | $13 |
Is South Dakota a good state to move to?
South Dakota also consistently ranks as one of the happiest states in the union. It’s truly a great place to call home. Whether you’re looking for career and job opportunities, help moving or growing your business, higher education options, or information about what’s it’s like to live here in retirement, we can help.
What is the minimum wage in South Dakota?
$9.30 per hour
What is the minimum wage in South Dakota? The South Dakota minimum wage as of 2020 is $9.30 per hour, which is $2.05 more than the federal minimum wage of $7.25.
How much is 46 dollars an hour annually?
Comparison Table Of $46 An Hour
| $46 An Hour | Total Income |
|---|---|
| Yearly (50 weeks) | $92,000 |
| Yearly (262 Work Days) | $96,416 |
| Monthly (175 Hours) | $8,050 |
| Weekly (40 Hours) | $1,840 |
Why are homes in South Dakota so expensive?
Offer prices are being driven up by high demand from out-of-state residents moving to South Dakota for work, the lifestyle or because they approve of how the state operated during the pandemic. Some South Dakota homes are selling in less than two days.
What are the pros and cons of living in South Dakota?
Pros and Cons Of Living In South Dakota
- Plenty of jobs.
- Productive economy.
- Low cost of living.
- Outstanding tax benefits.
- Limited effects of urbanization.
- Extreme weather.
- Small-town mindset.
- Low wages and salaries.
What should I know before moving to South Dakota?
14 Things You Quickly Learn When You Move To South Dakota
- Your wallet will have more cash in it from now on.
- You’ll enjoy plenty of free music.
- You’ll love all the fresh, local produce here.
- Chislic is about to become your new favorite food.
- The Old West tradition is alive and well in Western South Dakota.
Is $40 000 a year middle class?
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
What salary is upper class?
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Low income | Less than $40,100 |
| Middle income | $41,000 – $120,400 |
| Upper income | More than $120,400 |
What is considered a high income for a single person?
For its purposes, the Pew Research Center considers a household to be upper class if its income is double the U.S. median household income. This means that, on average, a single person living alone needs to make just $78,281 to be considered upper class.
Is South Dakota Retirement friendly?
Is South Dakota tax-friendly for retirees? South Dakota is among the most tax-friendly states in the country for retirees. There is no state income tax here, which means Social Security, pensions and other forms of retirement income are all devoid of taxes.
What is winter like in South Dakota?
The cold alternates between mild and extreme, producing average January highs below 32°F (0°C) and average lows below 10°F (-12°C). Whether you’re celebrating winter on the western or eastern side of South Dakota, be sure to pack warm winter items when visiting between December and February.
What is the best town to live in South Dakota?
12 Best Places to Live in South Dakota
- Sioux Falls.
- Spearfish.
- Rapid City.
- Winner.
- Tea.
- De Smet.
- Yankton.
- Hot Springs.
What is poverty level income in South Dakota?
Poverty is considered a four-person household income less than $22,314. South Dakota has 14.6 percent of its residents living in poverty, just below the 15.3 percent national average. Ziebach County, encompassed completely by the Cheyenne River Indian Reservation, has held the country’s highest poverty rate since 2004.
How much does South Dakota pay?
South Dakota Minimum Wage for 2020, 2021. South Dakota’s state minimum wage rate is $9.45 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
