Oacoma, South Dakota is a small town in Lyman County with an estimated population of just under 500 people. It is a rural community located close to the Missouri River and surrounded by wildlife and wide open spaces. The average 2 bedroom rent in Oacoma is $1,030, which is lower than the national average of $1,430. This provides a more affordable housing option for those living in this area. Grocery costs are also lower than the US average index of 100, making it easier to stretch budgets further here than other locations across the country.
There are several local businesses in Oacoma that provide goods and services for residents such as Majestic Food Center, Brown's Service Center & RV Repair, and Prairie View Rentals. These businesses provide options to purchase goods and services that help keep money within the local economy without sacrificing quality or convenience. The comparatively low cost of living makes this small town attractive for those who are looking for an affordable place to call home without sacrificing amenities or activities.
Oacoma (zip 57365) has an unemployment rate of 4.3%. The US average is 6.0%.
Oacoma (zip 57365) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Oacoma (zip 57365)
- The Sales Tax Rate for Oacoma (zip 57365) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Oacoma (zip 57365) 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 Oacoma (zip 57365)
- The average income of a Oacoma (zip 57365) resident is $37,181 a year. The US average is $37,638 a year.
- The Median household income of a Oacoma (zip 57365) resident is $68,750 a year. The US average is $69,021 a year.