Dakota, SD is an attractive place to live due to its relative affordability when compared to other cities in the United States. The average two bedroom rent in Dakota is $830, which is significantly lower than the US average of $1,430 making it a great option for budget-conscious renters. Additionally, grocery costs index in Dakota is 99 versus 100 in the US indicating that groceries are slightly more affordable here than elsewhere. There are also numerous local businesses that make up Dakota’s unique culture such as Boyd’s Department Store which has been serving locals since 1883 with apparel and unique gifts or Joe’s Bar and Grill with delicious food and fun atmosphere that have been around since 1969. For those looking for an affordable place to live with plenty of things to do, Dakota, SD should definitely be considered.
Dakota has an unemployment rate of 3.3%. The US average is 6.0%.
Dakota has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Dakota
- The Sales Tax Rate for Dakota is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Dakota 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 Dakota
- The average income of a Dakota resident is $56,261 a year. The US average is $28,555 a year.
- The Median household income of a Dakota resident is $128,571 a year. The US average is $69,021 a year.