Spirit Lake, SD is a great place to live due to its low cost of living. The 2 bedroom rent in Spirit Lake is much lower than the US average at $840 compared to $1,430. The grocery cost index is also below the US average at 98 versus 100. This makes it an affordable choice for those looking for a new home.
The city also offers several local businesses that make the area attractive for residents. Some of these include Spirit Lake Pharmacy, which provides quality products and services, as well as Lakeside Imports, which sells cars with competitive prices. For entertainment options, there are venues like the Grand Theatre and CinéMagic Movies 8 that provide excellent moviegoing experiences for locals. Finally, there are numerous restaurants such as Tumbleweed Steakhouse or Hooterville that serve delicious meals all day long. All these businesses combined make Spirit Lake an ideal location for anyone looking for value and convenience in their living situation.
Spirit Lake has an unemployment rate of 3.2%. The US average is 6.0%.
Spirit Lake has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 20.7%, which is lower than the US average of 33.5%.
Tax Rates for Spirit Lake
- The Sales Tax Rate for Spirit Lake is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Spirit Lake 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 Spirit Lake
- The average income of a Spirit Lake resident is $61,588 a year. The US average is $28,555 a year.
- The Median household income of a Spirit Lake resident is $67,171 a year. The US average is $69,021 a year.