Willow Lake, SD is a small town with a population of just under 2,000 people. The cost of living is relatively low compared to the US average; specifically, the 2 Bedroom rent is $950 compared to $1,430 nationally. The grocery cost index in Willow Lake is 97 versus 100 in the US. Some local businesses in the area include ABC Supply Co., Inc., Data Flow Solutions Inc., and Willow Lake Automotive Repair Shop. All in all, Willow Lake offers an affordable place to live without sacrificing quality of life as it has access to many local businesses and amenities.
Willow Lake has an unemployment rate of 3.6%. The US average is 6.0%.
Willow Lake has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Willow Lake
- The Sales Tax Rate for Willow Lake is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Willow 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 Willow Lake
- The average income of a Willow Lake resident is $17,997 a year. The US average is $28,555 a year.
- The Median household income of a Willow Lake resident is $55,000 a year. The US average is $69,021 a year.