Lake, SD County is a great place to live due to its lower cost of living. The average rent for a two-bedroom apartment is $830, significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Lake, SD County is 99 compared to 100 in the US, furthering demonstrating the lower cost of living in this area. The county boasts several well-known companies including Lake's Choice Foods, Endura Solutions, and Lake Automotive Parts. It is also home to numerous parks and recreation areas such as Bluegrass Park and Terrace View Nature Reserve. With its low cost of living and abundance of amenities, Lake SD County is an ideal place to call home.
Lake County has an unemployment rate of 3.0%. The US average is 6.0%.
Lake County has seen the job market increase by 2.6% 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 Lake County
- The Sales Tax Rate for Lake County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake 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 Lake County
- The average income of a Lake County resident is $28,245 a year. The US average is $28,555 a year.
- The Median household income of a Lake County resident is $67,297 a year. The US average is $69,021 a year.