Lincoln township (Lincoln Cnty), SD is located in the central part of South Dakota and is known for its small-town charm. The local economy is largely driven by agriculture, with farming and ranching the main industries. In terms of housing, the two bedroom rent averages at $880 per month - significantly lower than the US average of $1,430. Grocery costs are also cheaper in Lincoln township with a Grocery Cost Index of 99 compared to 100 in the US. Popular local businesses include Sunny's Chili Parlor, Lincoln Lanes Bowling Alley, and The Feed Store Café. All three offer delicious home-cooked meals and friendly service that make them popular among locals and visitors alike.
Lincoln township (Lincoln County) has an unemployment rate of 2.5%. The US average is 6.0%.
Lincoln township (Lincoln County) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Lincoln township (Lincoln County)
- The Sales Tax Rate for Lincoln township (Lincoln County) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lincoln township (Lincoln County) 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 Lincoln township (Lincoln County)
- The average income of a Lincoln township (Lincoln County) resident is $46,322 a year. The US average is $37,638 a year.
- The Median household income of a Lincoln township (Lincoln County) resident is $94,219 a year. The US average is $69,021 a year.