Lake Sinai, SD is a small but charming city located in the west of South Dakota. It is known for its peaceful environment, friendly people, and thriving businesses. This city is home to many local companies such as Lake Sinai Home Depot, Lake Sinai Auto Supply, and Hart's Equipment. People who live in Lake Sinai enjoy the benefits of living in a safe and tight-knit community. They can enjoy low 2 bedroom rent costs at $860 per month compared to the US average of $1,430. Additionally, grocery cost index in Lake Sinai is lower than the US average at 99 versus 100. This means that residents can save money while shopping for their daily needs. All these factors combined make Lake Sinai an ideal place to live and raise a family.
Lake Sinai has an unemployment rate of 3.1%. The US average is 6.0%.
Lake Sinai 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 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake Sinai
- The Sales Tax Rate for Lake Sinai is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Sinai 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 Sinai
- The average income of a Lake Sinai resident is $29,307 a year. The US average is $28,555 a year.
- The Median household income of a Lake Sinai resident is $158,500 a year. The US average is $69,021 a year.