Kulm, SD is a small town located in the southeastern region of South Dakota. It is a perfect spot for those who want a rural setting with easy access to major cities such as Sioux Falls. The cost of living is relatively low, with an average two bedroom rent of $870 compared to the US average of $1,430. Grocery costs are also lower than the national average, at 97 versus 100 in the US. Local businesses include Kulm Lumber and Hardware, which offers building supplies and home improvement services; Bullseye Auto Repair for all your vehicle needs; and Kulm Family Diner for delicious local cuisine. Nearby attractions include Cedar Shore Resort for swimming and camping, Spirit Mound Historic Prairie where visitors can explore Native American history, and the Lewis & Clark Recreation Area for hiking and fishing.
Kulm has an unemployment rate of 3.6%. The US average is 6.0%.
Kulm has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Kulm
- The Sales Tax Rate for Kulm is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Kulm 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 Kulm
- The average income of a Kulm resident is $99,674 a year. The US average is $37,638 a year.
- The Median household income of a Kulm resident is $96,932 a year. The US average is $69,021 a year.