Woonsocket, SD is a small city located in the heart of South Dakota. It boasts a friendly atmosphere, with many local businesses operating here. Popular companies such as Walmart, Banks, Grocery Stores, and Restaurants are all found within the city limits. Rent for 2 Bedroom apartments or houses is much lower in Woonsocket than the US average at $820 per month compared to $1,430. This makes it an attractive option for those looking to save money on housing costs. Grocery Cost Index in Woonsocket is 96 versus 100 in the US which means food items cost slightly less than other places throughout the country. Woonsocket SD provides an affordable living experience for its residents while still providing them with access to local businesses that can meet all their needs.
Woonsocket has an unemployment rate of 3.3%. The US average is 6.0%.
Woonsocket has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 11.4%, which is lower than the US average of 33.5%.
Tax Rates for Woonsocket
- The Sales Tax Rate for Woonsocket is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Woonsocket 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 Woonsocket
- The average income of a Woonsocket resident is $23,097 a year. The US average is $28,555 a year.
- The Median household income of a Woonsocket resident is $46,765 a year. The US average is $69,021 a year.