Hecla, SD is a small town located in the southern part of South Dakota. It has a population of about 500 people and is known for its peaceful rural atmosphere and excellent quality of life. The average two bedroom rent in Hecla, SD is much lower than the US average at only $670 per month. Grocery costs are also cheaper indexing in at 95 versus 100 for the US. The local economy consists mostly of small businesses such as gas stations, restaurants, shops, and farms. There are also some larger employers in the area including Hecla Mining Company and L&H Industrial who provide job opportunities to many locals.
Hecla has an unemployment rate of 3.0%. The US average is 6.0%.
Hecla has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Hecla
- The Sales Tax Rate for Hecla is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hecla 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 Hecla
- The average income of a Hecla resident is $24,943 a year. The US average is $28,555 a year.
- The Median household income of a Hecla resident is $35,536 a year. The US average is $69,021 a year.