Lake City, South Dakota is an affordable city to live in with a two-bedroom rental costing $830 per month. According to the Grocery Cost Index, residents of Lake City are paying 6% higher than the US average when grocery shopping. For those looking for more specific information about the cost of living in Lake City, there are several local companies that can provide assistance. CostOfLivingData.com has data available for all cities and towns across America that includes housing costs, food costs, transportation costs, healthcare costs, taxes and more. South Dakota AARP also offers free guides on cost of living and local resources for citizens of South Dakota. Finally, local real estate companies such as Hughes Real Estate Group or Fischer Rounds Real Estate offer resources on housing costs and other useful information about living in Lake City.
Lake City (zip 57247) has an unemployment rate of 4.4%. The US average is 6.0%.
Lake City (zip 57247) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Lake City (zip 57247)
- The Sales Tax Rate for Lake City (zip 57247) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Lake City (zip 57247) 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 City (zip 57247)
- The average income of a Lake City (zip 57247) resident is $38,435 a year. The US average is $37,638 a year.
- The Median household income of a Lake City (zip 57247) resident is $66,932 a year. The US average is $69,021 a year.