Wood, South Dakota is a great place to live for those looking for an affordable option. The rental cost of a two bedroom apartment in Wood is $800, which is significantly lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index in Wood is 95 compared to 100 in the US. This makes food costs cheaper than other locations.
The town of Wood provides many amenities for its residents. There are several local companies including small businesses such as restaurants, grocery stores, clothing stores and banks. Additionally, there are plenty of parks where you can take a stroll or have a picnic with friends and family. The town also offers plenty of educational opportunities and classes offered by the local library and community college. All these factors make Wood a great place to live that won't break your budget!
Wood has an unemployment rate of 4.0%. The US average is 6.0%.
Wood 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 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Wood
- The Sales Tax Rate for Wood is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Wood 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 Wood
- The average income of a Wood resident is $17,591 a year. The US average is $28,555 a year.
- The Median household income of a Wood resident is $24,875 a year. The US average is $69,021 a year.