Toronto, SD is a vibrant city known for its diverse culture and friendly people. With a population of approximately 5,000, it's the perfect place to settle down and start a family. The cost of living in Toronto, SD is very affordable with 2 bedroom rent at $820 compared to $1,430 in other US Cities such as New York or Los Angeles. Grocery costs are also low in Toronto with a grocery cost index of 96 compared to 100 in the US. Toronto is home to many local businesses like The Star Café, Big Joe’s Bakery and Cedar Creek Pizza Pub. There are plenty of opportunities for those looking to explore their interests while maintaining an affordable budget.
Toronto has an unemployment rate of 5.3%. The US average is 6.0%.
Toronto has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 11.7%, which is lower than the US average of 33.5%.
Tax Rates for Toronto
- The Sales Tax Rate for Toronto is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Toronto 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 Toronto
- The average income of a Toronto resident is $16,173 a year. The US average is $28,555 a year.
- The Median household income of a Toronto resident is $46,985 a year. The US average is $69,021 a year.