Parkston, SD is a small town located in South Dakota with a population of 1,999. It is known for its low cost of living due to the low rent for 2 bedroom apartments at $890 compared to the US average of $1,430. Grocery costs are also less expensive than usual due to an index score of 98 versus 100 in the US. Parkston's economy is largely based on agriculture and manufacturing. Some local businesses include Hunter Farms Inc., Tri-Star Electric, and Parkston Microtel Inn & Suites. Parkston also has a variety of restaurants such as Hometown Pizza and Country Kitchen.
Parkston has an unemployment rate of 3.6%. The US average is 6.0%.
Parkston has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Parkston
- The Sales Tax Rate for Parkston is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Parkston 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 Parkston
- The average income of a Parkston resident is $21,885 a year. The US average is $28,555 a year.
- The Median household income of a Parkston resident is $64,922 a year. The US average is $69,021 a year.