Elkton, SD is a small city located in South Dakota. It is known for its close-knit community and the affordability of living there. Renting a two-bedroom apartment in Elkton costs only $880 compared to $1,430 across the US. Grocery costs in Elkton are also lower than the national average with an index of 98 versus 100 in the rest of the country. Local businesses in Elkton include Richardson’s Grocery Store, Main Street Cafe & Bakery, Valley Diesel Repair and Farm Supply, and Farmers State Bank. These companies all provide essential services to locals and create jobs for the community that keep Elkton thriving.
Elkton has an unemployment rate of 3.1%. The US average is 6.0%.
Elkton has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Elkton
- The Sales Tax Rate for Elkton is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Elkton 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 Elkton
- The average income of a Elkton resident is $22,945 a year. The US average is $28,555 a year.
- The Median household income of a Elkton resident is $65,625 a year. The US average is $69,021 a year.