Haakon County, SD Economy


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United States / South Dakota / No Metro Area / Haakon County / Cities / Zip Codes
Haakon, SD County is a great place to live with a relatively low cost of living. The two bedroom rent in Haakon is $900 which is significantly lower than the US average of $1430. Additionally, the Grocery Cost Index in Haakon is 96 versus 100 nationally. This means that groceries are much more affordable in this county than other places in the US. The county is home to many great local companies such as Haakon Oil & Gas and Blue Sky Drive-In Theatre. People who live here can benefit from both low costs and great amenities making it an ideal place to call home.

Haakon County has an unemployment rate of 2.7%. The US average is 6.0%.

Haakon County has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.

Tax Rates for Haakon County
- The Sales Tax Rate for Haakon County is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Haakon County 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 Haakon County
- The average income of a Haakon County resident is $24,265 a year. The US average is $28,555 a year.
- The Median household income of a Haakon County resident is $51,016 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHaakon, South DakotaUnited States
  2.76
  2.3%-6.2%
  22.6%33.5%
  4.5%6.2%
  0.0%4.6%
  $28,513$37,638
  $51,016$69,021
  $74,167$85,028
  Population by Occupation
  23.2%1.2%
  0.0%0.5%
  10.9%6.8%
  2.7%10.0%
  3.5%2.5%
  15.9%11.0%
  2.4%4.8%
  0.7%0.8%
  0.6%1.9%
  5.0%4.7%
  0.0%1.9%
  3.9%7.6%
  0.0%0.1%
  1.3%4.2%
  5.4%9.3%
  13.3%14.0%
  0.6%2.1%
  6.8%7.0%
  3.9%4.8%
  0.0%4.7%
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