Kimball, SD is a small town with a population of about 600 people. It is located in the Great Plains region of South Dakota and is known for its stunning landscapes and rural charm. The cost of living in Kimball, SD is significantly lower than other areas in the United States, as evidenced by the average 2 bedroom rent of $820 compared to $1,430 US average. Grocery costs are relatively low too, as indicated by the Grocery Cost Index being 96 versus 100 in the US.
Kimball has several local businesses that provide goods and services to its residents such as Kimball’s Grocery Store, The Wheel Inn Restaurant & Bar, Cozy Corner RV Park and Country Store, Kimball Pawn & Gun Shop and more. Local trends show that many young professionals are moving back to Kimball to take advantage of the low housing cost while still enjoying a high quality of life in this peaceful area.
Kimball has an unemployment rate of 2.4%. The US average is 6.0%.
Kimball has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Kimball
- The Sales Tax Rate for Kimball is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Kimball 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 Kimball
- The average income of a Kimball resident is $24,533 a year. The US average is $28,555 a year.
- The Median household income of a Kimball resident is $55,139 a year. The US average is $69,021 a year.