Wakonda, SD is a small town located in the Midwest region of the US. It is known for its friendly community and affordable cost of living. The average rent for a two bedroom apartment in Wakonda is $800 compared to the US average of $1,430 making it an attractive destination for people looking to save money on housing. The Grocery Cost Index in Wakonda is also very low at 94 compared to 100 for the rest of the US. Wakonda has several local businesses including Wakonda Lumber, Wakonda Manufacturing, and Wakonda Plastics that provide good wages to their employees. These jobs often pay around $25 per hour which makes them attractive options for people looking to find employment in the area.
Wakonda has an unemployment rate of 2.7%. The US average is 6.0%.
Wakonda has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Wakonda
- The Sales Tax Rate for Wakonda is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Wakonda 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 Wakonda
- The average income of a Wakonda resident is $21,999 a year. The US average is $28,555 a year.
- The Median household income of a Wakonda resident is $57,500 a year. The US average is $69,021 a year.