Lake Poinsett, SD is a small, rural town located in the Midwest. It has a population of just over 5,000 people and is known for its quiet atmosphere and beautiful scenery. Despite its small size, Lake Poinsett offers numerous amenities to its residents. For example, two-bedroom rental costs are $870 per month - much lower than the US average of $1,430 - making it an attractive option for families and young professionals alike. Additionally, grocery costs are also quite affordable in Lake Poinsett as its index rate is 98 versus 100 in the US.
Local companies and businesses in Lake Poinsett include Poinsett Grocery Store, which provides fresh produce groceries with competitive prices. There's also Reeds Clothing Store which supplies a variety of fashion apparel for men and women. For those looking to relax after a long day at work or school, there’s K&K Pub & Grill – with delicious American cuisine along with karaoke nights every Friday! Finally, those who enjoy outdoor activities can visit the local Dakota Trails- offering plenty of outdoor activities such as fishing and biking trails throughout the area.
Lake Poinsett has an unemployment rate of 2.6%. The US average is 6.0%.
Lake Poinsett 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Lake Poinsett
- The Sales Tax Rate for Lake Poinsett is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Poinsett 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 Poinsett
- The average income of a Lake Poinsett resident is $44,883 a year. The US average is $28,555 a year.
- The Median household income of a Lake Poinsett resident is $91,771 a year. The US average is $69,021 a year.