Laketon, SD is a small town located in the Midwest of the United States. This community is known for its affordability and friendly atmosphere. Rent for two bedroom apartments in Laketon, SD is only $880 per month compared to the national average of $1,430. Additionally, grocery costs in Laketon are slightly lower than the US average as measured by the Grocery Cost Index (99 versus 100).
Local businesses in Laketon include Lamar's Garage where residents can get their vehicles serviced or repaired, Green Valley Farms which produces fresh produce year round, and Kressman Meats which offers quality meats and other products from local farms. Other businesses include Smith's Bakery, Mary's Tea House Cafe, and Wilks' Department Store. All these companies contribute to Laketon's vibrant local economy.
Laketon has an unemployment rate of 3.1%. The US average is 6.0%.
Laketon 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 Laketon
- The Sales Tax Rate for Laketon is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Laketon 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 Laketon
- The average income of a Laketon resident is $30,310 a year. The US average is $28,555 a year.
- The Median household income of a Laketon resident is $120,750 a year. The US average is $69,021 a year.