Okreek, SD is a small town located in Todd County with an estimated population of about 350 people. The average 2 bedroom rent in Okreek is $600 which is much lower than the national average of $1,430. One great benefit of living in Okreek is its low cost of living. The Grocery Cost Index in Okreek is 92 compared to the US index of 100 indicating that grocery items are cheaper here than most places across the United States. The economy relies heavily on agricultural businesses and tourism as there are various local attractions such as the South Dakota State Wildlife Refuge and Lake Traverse nearby. Businesses in Okreek include several agricultural companies, convenience stores, insurance agencies, and more.
Okreek has an unemployment rate of 4.4%. The US average is 6.0%.
Okreek has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Okreek
- The Sales Tax Rate for Okreek is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Okreek 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 Okreek
- The average income of a Okreek resident is $8,656 a year. The US average is $28,555 a year.
- The Median household income of a Okreek resident is $19,375 a year. The US average is $69,021 a year.