Hamlin, South Dakota is a small rural town with an estimated population of just over 600 people. It is a cozy, peaceful community with a picturesque landscape and plenty of friendly locals. The cost of living in Hamlin is quite affordable, with the average two bedroom rent at $840 a month, which is much lower than the US average of $1,430 per month. Additionally, grocery prices are reasonable in Hamlin - at 99 (on the Grocery Cost Index) compared to 100 for the US as a whole.
Local companies include Prairie Products Grain & Feed Co., Jasmine's Hair Salon & Boutique, Rivers Edge Golf Course and more. Despite its small size, Hamlin offers residents plenty of amenities and opportunities to stay active and engaged in their community. With its low cost of living and warm sense of community spirit, it is no wonder why so many choose to call Hamlin home
Hamlin has an unemployment rate of 2.6%. The US average is 6.0%.
Hamlin has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Hamlin
- The Sales Tax Rate for Hamlin is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Hamlin 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 Hamlin
- The average income of a Hamlin resident is $26,320 a year. The US average is $28,555 a year.
- The Median household income of a Hamlin resident is $74,191 a year. The US average is $69,021 a year.