McLaughlin, SD is a small town located in South Dakota with a population of 1,112. The 2 bedroom rent prices in McLaughlin are quite reasonable at $740 compared to the US average of $1,430. Additionally, the grocery cost index in McLaughlin is 91 compared to 100 in the US. Local companies and organizations include VanDeVelde Farms, Inc., Development Corporation Of McLaughlin (DCOM), and Little Blessings Daycare. DCOM works to research, facilitate, promote and develop economic development activities for the betterment of the community. Moreover, there is also an abundance of local family-run businesses such as cafes and bakeries that have been around for generations.
McLaughlin has an unemployment rate of 3.5%. The US average is 6.0%.
McLaughlin has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for McLaughlin
- The Sales Tax Rate for McLaughlin is 6.5%. The US average is 7.3%.
- The Income Tax Rate for McLaughlin 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 McLaughlin
- The average income of a McLaughlin resident is $16,653 a year. The US average is $28,555 a year.
- The Median household income of a McLaughlin resident is $64,375 a year. The US average is $69,021 a year.