Lafoon, SD is a great place to live, work and play. It is a small town with friendly people and plenty of local businesses. The cost of living in Lafoon is quite affordable due to its low rent costs. 2 bedroom rent in Lafoon is only $830 compared to the US average of $1,430. Grocery prices are also much lower in Lafoon than other parts of the country with an index score of 97 compared to the US average of 100. Some notable local companies include Goode's Auto Repair, Conway & Sons Construction, and Smith's Hardware Store. These businesses provide quality services to the residents of Lafoon and help keep the local economy thriving.
Lafoon has an unemployment rate of 2.2%. The US average is 6.0%.
Lafoon has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Lafoon
- The Sales Tax Rate for Lafoon is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lafoon 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 Lafoon
- The average income of a Lafoon resident is $42,996 a year. The US average is $28,555 a year.
- The Median household income of a Lafoon resident is $95,250 a year. The US average is $69,021 a year.