Walnut Grove, SD Economy


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United States / South Dakota / No Metro Area / Douglas County / Walnut Grove / Zip Codes
Walnut Grove, SD is a small town located in the Midwest of the United States. It is known for its rural charm and friendly atmosphere. The average 2 bedroom rent in Walnut Grove is $940 which is significantly lower than the US average of $1,430. Additionally, the local grocery cost index of 98 is slightly lower than the national index of 100.
The town boasts a variety of attractions including local businesses such as Walnut Grove Lodge, Miller's Hardware Store, and Sunrise Farm Market. Residents can also enjoy an outdoor movie theater during summer months or take advantage of the many nearby golf courses such as Windsong Country Club and Woodland Hills Golf Course. With a variety of unique attractions and low living costs, Walnut Grove is an attractive place to call home.

Walnut Grove has an unemployment rate of 2.7%. The US average is 6.0%.

Walnut Grove has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.

Tax Rates for Walnut Grove
- The Sales Tax Rate for Walnut Grove is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Walnut Grove 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 Walnut Grove
- The average income of a Walnut Grove resident is $50,415 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Grove resident is $84,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWalnut Grove, South DakotaUnited States
  2.76
  -1.1%-6.2%
  13.2%33.5%
  4.5%6.2%
  0.0%4.6%
  $25,974$37,638
  $84,375$69,021
Family Median Income 85028
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