Platte, SD is a great city to live in for those on a budget. The average two bedroom rent of $800 is much lower than the national average of $1,430, giving you more bang for your buck. Grocery costs are also lower with an index of 98 compared to 100 in the US. \nOne of the largest employers in Platte is County Fair Foods. They offer full service grocery stores and fresh produce at affordable prices. Other popular businesses in the area include the local bank, Main Street Coffee House, and Pizza Meister.
For those looking for entertainment Platte offers many fun activities such as fishing, hiking trails at Lake Poinsett Park or camping nearby at Cottonwood Campground. The Platte Museum has interesting exhibits about local history while local wineries provide fun tastings and gatherings for a special night out. With all these amenities plus its affordability it's no wonder why so many people are flocking to Platte!
Platte has an unemployment rate of 3.9%. The US average is 6.0%.
Platte has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 19.2%, which is lower than the US average of 33.5%.
Tax Rates for Platte
- The Sales Tax Rate for Platte is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Platte 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 Platte
- The average income of a Platte resident is $25,163 a year. The US average is $28,555 a year.
- The Median household income of a Platte resident is $56,982 a year. The US average is $69,021 a year.