Baltic, SD is a small town located in Minnehaha County. It offers its inhabitants a rural atmosphere with plenty of amenities. The average two bedroom rent for Baltic, SD is $1,010, which is significantly lower than the national average of $1,430. Additionally, groceries in Baltic tend to have an index score of 100—the same as the US—making it just as affordable to purchase food there as it is nationwide. Local businesses in Baltic include Harvest Foods Grocery Store and German Automotive Repair Shop. When comparing costs between the town of Baltic and the rest of the nation, one will find that living expenses are much more affordable in this small town due to lower housing costs and equal grocery prices.
Baltic has an unemployment rate of 3.2%. The US average is 6.0%.
Baltic has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Baltic
- The Sales Tax Rate for Baltic is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Baltic 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 Baltic
- The average income of a Baltic resident is $23,811 a year. The US average is $28,555 a year.
- The Median household income of a Baltic resident is $81,319 a year. The US average is $69,021 a year.