Lake Hendricks, SD is a small town located in South Dakota with an estimated population of around 200 people. It has a relatively low cost of living and boasts two bedroom rent at $800 per month, while the US average is $1,430 for the same type of apartment. The Grocery Cost Index in Lake Hendricks is 99 versus 100 in the US. Some of the local companies contributing to the economy include an independent grocery store, a gas station, and a hardware store. With its lower price tags on goods and services, Lake Hendricks offers great savings for those looking to settle down in South Dakota.
Lake Hendricks has an unemployment rate of 3.1%. The US average is 6.0%.
Lake Hendricks 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 Lake Hendricks
- The Sales Tax Rate for Lake Hendricks is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Hendricks 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 Hendricks
- The average income of a Lake Hendricks resident is $31,472 a year. The US average is $28,555 a year.
- The Median household income of a Lake Hendricks resident is $97,188 a year. The US average is $69,021 a year.