Lyon, SD is a great place to call home. It is situated in the Midwestern United States and provides its residents with an affordable cost of living. The two bedroom rent is only $820, which is much lower than the national average of $1,430. Additionally, grocery costs are even cheaper in Lyon, with an index number of 96 compared to 100 in the US. This low cost of living makes it easy to live comfortably in Lyon. The town also boasts a variety of local businesses, such as Lyon County State Bank, Just Take Action Group LLC., Scholten’s Automotive Service & Sales Inc., and TMC Tax Services LLC. These companies will help residents access goods and services at a great price.
Lyon has an unemployment rate of 2.4%. The US average is 6.0%.
Lyon has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Lyon
- The Sales Tax Rate for Lyon is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lyon 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 Lyon
- The average income of a Lyon resident is $54,070 a year. The US average is $37,638 a year.
- The Median household income of a Lyon resident is $250,001 a year. The US average is $69,021 a year.