Wessington Springs, SD is a small town in South Dakota with a population around 745 people. It is known for its friendly atmosphere and great quality of life. The cost of living in Wessington Springs is generally quite low, with two bedroom rent costing just $740 compared to $1,430 nationwide. Grocery costs are also lower here than elsewhere in the US with an index score of 96 versus 100 nationally. The economy of this community revolves around some local businesses like A&B Storage, Cenex Total Protection Ag Service, Brady's Saloon & Grill, Wessington Springs Area Health Care Services, and All Around Automotive. This rural agricultural community offers quiet charm and affordable living for those looking for a tranquil place to settle down.
Wessington Springs has an unemployment rate of 2.1%. The US average is 6.0%.
Wessington Springs has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Wessington Springs
- The Sales Tax Rate for Wessington Springs is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Wessington Springs 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 Wessington Springs
- The average income of a Wessington Springs resident is $26,895 a year. The US average is $28,555 a year.
- The Median household income of a Wessington Springs resident is $40,338 a year. The US average is $69,021 a year.