Elk Point, South Dakota is a small town with a population of 57025. It has an affordable cost of living compared to the rest of the United States, with 2 bedroom rent being only $900 compared to $1,430 nationally. Grocery costs are also lower than the national average with a local index of 98 versus 100 in the US.
This city offers its residents plenty of opportunities for work and entertainment. Local businesses include Dollar General, First National Bank and Dakota Valley Electric Cooperative. For those interested in outdoor activities, there are several parks located nearby including Riverside Park and Lost Island State Recreation Area. History buffs will enjoy visiting the Elk Point Museum which houses artifacts from settlers who originally inhabited this area.
Elk Point (zip 57025) has an unemployment rate of 3.7%. The US average is 6.0%.
Elk Point (zip 57025) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Elk Point (zip 57025)
- The Sales Tax Rate for Elk Point (zip 57025) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Elk Point (zip 57025) 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 Elk Point (zip 57025)
- The average income of a Elk Point (zip 57025) resident is $27,772 a year. The US average is $28,555 a year.
- The Median household income of a Elk Point (zip 57025) resident is $78,417 a year. The US average is $69,021 a year.