Lake Andes, SD is a small town located in the northeast of South Dakota. The city is home to many small businesses, such as Lake Andes Hardware and Supply, J&J Tire & Auto Repair, and Kelsey's Bakery. The cost of living in Lake Andes is relatively low when compared to the US average. According to data from Numbeo.com, the rent for a two-bedroom apartment is $830 compared to the US average of $1,430 while the grocery cost index in Lake Andes is 94 versus 100 in the US. Other costs of living metrics such as utilities and transportation are also lower than the national average.
Lake Andes has an unemployment rate of 3.9%. The US average is 6.0%.
Lake Andes 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 19.2%, which is lower than the US average of 33.5%.
Tax Rates for Lake Andes
- The Sales Tax Rate for Lake Andes is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Andes 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 Lake Andes
- The average income of a Lake Andes resident is $12,195 a year. The US average is $28,555 a year.
- The Median household income of a Lake Andes resident is $37,969 a year. The US average is $69,021 a year.