Lake Norden, SD is a small town located in Hamlin County with a population of around 600 people. Residents enjoy the benefits of low rent and grocery costs due to the town's size. Major employers include Lake Norden Livestock Auction, Lake Norden Foods, Caseys General Store, Turner Seed Company, and Farmers Coop Elevator. The area is known for its agriculture and provides residents with beautiful views of the countryside. Lake Norden has a number of local businesses including a bank, library, and several restaurants that make it an attractive place to live and work. It also offers plenty of outdoor activities like fishing and hunting for those looking to get out in nature. With so much to offer, it's no wonder why so many decide to call Lake Norden home.
Lake Norden has an unemployment rate of 2.6%. The US average is 6.0%.
Lake Norden 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 Lake Norden
- The Sales Tax Rate for Lake Norden is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Norden 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 Lake Norden
- The average income of a Lake Norden resident is $22,337 a year. The US average is $28,555 a year.
- The Median household income of a Lake Norden resident is $62,105 a year. The US average is $69,021 a year.