Faulkton, South Dakota is a small town located in Faulk County with a population of 57438. This rural area offers a lower cost of living than the US average, with 2 bedroom rent averaging $850 compared to the national average of $1,430. Other expenses like groceries are also more affordable here, with an index score of 97 compared to 100 nationally. Those looking for outdoor recreation can enjoy hunting and fishing opportunities nearby on the Missouri River. The town also has some local businesses such as Country Stop Grocery and Petrol and Fields Trucking Inc. In addition to these activities, Faulkton hosts an annual rodeo in July, drawing visitors from all around the region.
Faulkton (zip 57438) has an unemployment rate of 2.2%. The US average is 6.0%.
Faulkton (zip 57438) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Faulkton (zip 57438)
- The Sales Tax Rate for Faulkton (zip 57438) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Faulkton (zip 57438) 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 Faulkton (zip 57438)
- The average income of a Faulkton (zip 57438) resident is $27,079 a year. The US average is $37,638 a year.
- The Median household income of a Faulkton (zip 57438) resident is $66,172 a year. The US average is $69,021 a year.