57656 Timber Lake, SD is a small town located in the northeastern part of the state. It is known for its rural environment and affordability. The average two bedroom apartment rent is $800, which is significantly lower than the US average at $1,430. Additionally, the grocery cost index in 57656 Timber Lake is 93 compared to 100 in the US, making groceries more affordable for local residents. The town has a variety of local businesses and amenities to serve its citizens, including restaurants such as The Flamingo City Grill, shops like Sweet Treats Boutique, entertainment centers like Main Street Theater, and outdoor recreation areas such as Midtown Park. With its low-cost housing and local amenities, 57656 Timber Lake is an ideal place for those seeking a peaceful and budget friendly place to live.
Timber Lake (zip 57656) has an unemployment rate of 4.2%. The US average is 6.0%.
Timber Lake (zip 57656) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 13.1%, which is lower than the US average of 33.5%.
Tax Rates for Timber Lake (zip 57656)
- The Sales Tax Rate for Timber Lake (zip 57656) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Timber Lake (zip 57656) 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 Timber Lake (zip 57656)
- The average income of a Timber Lake (zip 57656) resident is $22,304 a year. The US average is $28,555 a year.
- The Median household income of a Timber Lake (zip 57656) resident is $56,071 a year. The US average is $69,021 a year.