Winfred, SD Economy


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United States / South Dakota / No Metro Area / Lake County / Winfred / Zip Codes
Winfred, SD is a small town located in the state of South Dakota. It has a population of under two thousand people, and the 2 Bedroom rentals are considerably lower than the national average, with rent being around $820 compared to $1,430 in most other places in the US. Grocery Cost Index is also lower than that of the nation at 98 versus 100. Winfred is home to several local businesses, such as Winfred Hardware & Supply Store, Krametbauer Paint & Flooring Co., and Klingson Brothers Trucking Inc., which provide goods and services to locals. Overall, Winfred is a great place to live for those looking for an affordable lifestyle in a tight-knit community setting.

Winfred has an unemployment rate of 3.0%. The US average is 6.0%.

Winfred has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.

Tax Rates for Winfred
- The Sales Tax Rate for Winfred is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Winfred 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 Winfred
- The average income of a Winfred resident is $38,186 a year. The US average is $37,638 a year.
- The Median household income of a Winfred resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWinfred, South DakotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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