Lebanon, SD is a small city located in South Dakota with a population of about 800 people. It provides its citizens with a safe and affordable place to live, with 2-Bedroom rent averaging $730 per month. This is significantly cheaper than the US average of $1,430 for the same apartment size. The cost of living in Lebanon is also very low compared to other cities. In fact, the Grocery Cost Index in Lebanon, SD is 95 versus 100 in the US.
The city has many local businesses that benefit its citizens. Residents can visit places like Lebanon Floral & Gifts for flowers and gifts or The Dime Store for novelty items. For those who are looking to stay active there's also Snap Fitness and Horseshoe Lake Golf Course nearby to take advantage of. With its low cost of living and abundance of local businesses, Lebanon is an ideal place to call home.
Lebanon has an unemployment rate of 2.9%. The US average is 6.0%.
Lebanon has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Lebanon
- The Sales Tax Rate for Lebanon is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Lebanon 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 Lebanon
- The average income of a Lebanon resident is $26,253 a year. The US average is $37,638 a year.
- The Median household income of a Lebanon resident is $0 a year. The US average is $69,021 a year.