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Silver Lake, SD Economy
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United States
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South Dakota
/ No Metro Area /
Hutchinson County
/ Silver Lake /
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EXPLORE SILVER LAKE
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Silver Lake, SD is a quiet town located in the Midwest of the United States. It is known for its scenic views and outdoor activities, making it ideal for those looking to get away from the hustle and bustle of city life. The cost of living in Silver Lake is quite affordable, with two bedroom rents at $860 compared to the US average of $1,430 and grocery costs at 98 versus 100 in the US. \nThe local economy is made up of businesses such as small family-owned restaurants, specialty stores, and a few service providers. There are also many farms that produce delicious fruits, vegetables, dairy products and meats for sale to locals and beyond. Industries such as manufacturing, transportation and logistics are also present in Silver Lake and provide employment opportunities for residents.
Income by Population Percent
Economy
Silver Lake, South Dakota
United States
Unemployment Rate
3.6
6
Recent Job Growth
-0.1%
-6.2%
Future Job Growth
20.6%
33.5%
Sales Taxes
4.5%
6.2%
Income Tax
0.0%
4.6%
Income per Cap.
$98,278
$37,638
Household Income
69021
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