Stockholm town, SD is a small town located in South Dakota. It is known for its quiet atmosphere and welcoming community. Residents enjoy the peacefulness of living in this small town, as well as the low cost of living; 2 bedroom rent listings are currently at $810 per month. Groceries in Stockholm town also are more affordable than most cities across the US with a grocery cost index of 97 compared to 100 across America.
The town is also known for its great local businesses that provide excellent services to the community such as Westley’s Repair Shop, which offers car repair services, and Johnson’s Bakery that serves fresh-baked goods every day. For outdoor fun, visitors can explore the beautiful Averill Park which boasts playgrounds and even a pond for fishing activities. The town also has some historical sites such as the old Stockholm Church built in 1890 and Fort Thompson Village which was established by settlers in 1817.
Stockholm has an unemployment rate of 4.6%. The US average is 6.0%.
Stockholm has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Stockholm
- The Sales Tax Rate for Stockholm is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Stockholm 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 Stockholm
- The average income of a Stockholm resident is $15,544 a year. The US average is $28,555 a year.
- The Median household income of a Stockholm resident is $43,750 a year. The US average is $69,021 a year.