Tobin, SD is a small town with a population of less than 10,000 people. The cost of living in Tobin is quite affordable compared to other areas due to its low rents and grocery costs. For example, the 2 bedroom rent in Tobin is $1,000 whereas it's $1,430 in the US. Similarly, the Grocery Cost Index in Tobin is 98 versus 100 in the US. There are some notable local businesses in Tobin such as L&M Auto Service, JB's Liquor Store and Mishka’s Pizza & Subs. All these businesses provide excellent services at competitive prices which make life much more convenient for residents of Tobin. Overall, the low cost of living makes this small town an attractive option for those who want to enjoy a peaceful and tranquil lifestyle without having to break their bank accounts.
Tobin has an unemployment rate of 2.9%. The US average is 6.0%.
Tobin has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Tobin
- The Sales Tax Rate for Tobin is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Tobin 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 Tobin
- The average income of a Tobin resident is $32,650 a year. The US average is $28,555 a year.
- The Median household income of a Tobin resident is $67,143 a year. The US average is $69,021 a year.