Wilmot, SD is a small town located in the US state of South Dakota. The cost of living is much lower than the national average, with two bedroom rent coming in at $810 compared to the national average of $1,430. Grocery costs are also significantly lower in Wilmot, with an index score of 97 compared to the US average of 100. Wilmot is home to several businesses including Wilmot Hardware and Lumber, Farmers State Bank, and Wilmot Post Office. There are also several restaurants like JW's Bar & Grill and EJ's Pizza Ranch. Finally, there are a few recreation centers such as Wilmot Skate Park & Pool and Silver Dollar Golf Course where locals can enjoy some fun activities.
Wilmot has an unemployment rate of 5.5%. The US average is 6.0%.
Wilmot has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Wilmot
- The Sales Tax Rate for Wilmot is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Wilmot 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 Wilmot
- The average income of a Wilmot resident is $22,733 a year. The US average is $28,555 a year.
- The Median household income of a Wilmot resident is $52,500 a year. The US average is $69,021 a year.