Lamro, SD is a small town located in the Midwest with a population of around 2,500 people. This quaint little city offers its residents an affordable lifestyle compared to major cities in the US. The median rent for a two-bedroom apartment is $840 while the median rent for a two-bedroom apartment nationwide is $1,430. Additionally, the grocery cost index for Lamro is 97, lower than the national average of 100.
The town of Lamro has many local businesses that contribute to its economy such as John’s Auto Repair, Mary's Bakery & Cafe, Bill's Services Hardware Store and Tom's Tax Preparation Services. Lamro is a great place to raise a family with its low cost of living and small-town charm.
Lamro has an unemployment rate of 2.2%. The US average is 6.0%.
Lamro 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 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Lamro
- The Sales Tax Rate for Lamro is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lamro 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 Lamro
- The average income of a Lamro resident is $12,761 a year. The US average is $28,555 a year.
- The Median household income of a Lamro resident is $115,066 a year. The US average is $69,021 a year.