Twin Lake, SD is a popular city for those looking for a cheaper cost of living than the US average. Rent for 2 bedrooms in Twin Lake is only $820 compared to $1,430 nationally. The Grocery Cost Index in Twin Lake is 96 versus 100 in the US, making it an even more attractive place to live. There are several local companies such as Twin Lakes Groceries and Richland Supply Co that residents can rely on for their everyday needs. With affordable rent, local businesses, and a low cost of living index overall, Twin Lake proves to be an ideal place for those who want to keep costs down without sacrificing quality of life.
Twin Lake has an unemployment rate of 3.3%. The US average is 6.0%.
Twin Lake has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 11.4%, which is lower than the US average of 33.5%.
Tax Rates for Twin Lake
- The Sales Tax Rate for Twin Lake is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Twin 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 Twin Lake
- The average income of a Twin Lake resident is $32,057 a year. The US average is $28,555 a year.
- The Median household income of a Twin Lake resident is $89,500 a year. The US average is $69,021 a year.