Lennox, SD is a small town located in Lincoln County. It is well known for its friendly people and rural atmosphere. The cost of living in Lennox is quite reasonable compared to the rest of the United States. The average 2 bedroom rent in Lennox comes in at around $840, while the US 2 bedroom rent average is $1,430 – that’s a significant difference! Grocery costs are also lower than average with a grocery cost index of 99 versus 100 in the US.
Lennox offers plenty of amenities for its residents such as local businesses like Lennox Cheese Factory, K & S Western Store, and B&M Custom Woodwork among others. These companies provide a large range of services from cheese production to custom woodworking that make life easier for locals from all walks of life. The economical cost of living combined with excellent local resources make Lennox an attractive place to live and work in South Dakota.
Lennox has an unemployment rate of 2.5%. The US average is 6.0%.
Lennox has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Lennox
- The Sales Tax Rate for Lennox is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lennox 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 Lennox
- The average income of a Lennox resident is $27,881 a year. The US average is $28,555 a year.
- The Median household income of a Lennox resident is $59,516 a year. The US average is $69,021 a year.