Swan Lake, SD is a small town located in South Dakota. It boasts a population of just under 10,000 residents who enjoy the peaceful atmosphere and the strong sense of community. The cost of living here is lower than many other places in the US with an average 2 bedroom rent costing $1,060 as opposed to $1,430 on average across the US. Even groceries are slightly cheaper with Swan Lake having a grocery cost index of 97 compared to 100 nationally. This makes it an attractive option for those looking to save money while still enjoying all that this quaint town has to offer. There are local businesses that provide goods and services that residents take advantage of including Swan Lake Food Mart, Big Country Grocery & Hardware, and Backyard Treasures Antiques & Collectibles. Overall, Swan Lake is a great place to live with its low cost of living and friendly people making it well worth considering when deciding on where to settle down.
Swan Lake has an unemployment rate of 2.8%. The US average is 6.0%.
Swan Lake has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Swan Lake
- The Sales Tax Rate for Swan Lake is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Swan Lake 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 Swan Lake
- The average income of a Swan Lake resident is $27,712 a year. The US average is $28,555 a year.
- The Median household income of a Swan Lake resident is $64,632 a year. The US average is $69,021 a year.