Okaton, SD is a small rural town located in South Dakota. With a population of approximately 430 people, it's a great place to escape the hustle and bustle of city life. The 2 bedroom rent in Okaton is $830 per month which is nearly half of the nationwide average rent price for 2 bedrooms at $1,430. Grocery cost index in Okaton is on par with the rest of the United States. In terms of commerce, some local companies include Anderson Lumber Company, Weisz Ag Services and LJ Excavating & Construction. Overall, Okaton provides its residents with a quaint small town atmosphere full of friendly locals and affordable living costs.
Okaton has an unemployment rate of 3.5%. The US average is 6.0%.
Okaton has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 12.0%, which is lower than the US average of 33.5%.
Tax Rates for Okaton
- The Sales Tax Rate for Okaton is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Okaton 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 Okaton
- The average income of a Okaton resident is $19,720 a year. The US average is $37,638 a year.
- The Median household income of a Okaton resident is $0 a year. The US average is $69,021 a year.