Lake View, SD is a quaint town with a population of just under 1,000 people. It has the charm of a small-town atmosphere with the convenience of being close to larger cities. The two bedroom rent in Lake View is only $790 per month which is significantly lower than the US average of $1,430. The cost of groceries in Lake View is also slightly lower than the US average as its Grocery Cost Index is 101 compared to 100 in the US.
There are several local businesses in Lake View for residents to shop at like the Lakefront Market for groceries and Chef Tony’s Italian Grill for delicious food. There’s also Big Dave’s Barbershop for hair cuts and Kacy’s Antiques & Collectibles for interesting finds. With low rental prices and an array of local businesses, Lake View is an affordable yet enjoyable place to live.
Lake View has an unemployment rate of 3.0%. The US average is 6.0%.
Lake View has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake View
- The Sales Tax Rate for Lake View is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lake View 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 View
- The average income of a Lake View resident is $82,131 a year. The US average is $37,638 a year.
- The Median household income of a Lake View resident is $105,625 a year. The US average is $69,021 a year.