Lake Norden, South Dakota, with a population of just 572 people, is an idyllic rural town. With two-bedroom rent set at $890 per month, Lake Norden is a much more affordable option compared to the US average of $1,430. In addition, the grocery cost index in the area is 99 versus 100 in the US, making it even more budget friendly. Local companies in Lake Norden include D & W Concrete Construction and Roesch Farm Equipment. D & W Concrete Construction provides high quality masonry work for residential and commercial customers while Roesch Farm Equipment specializes in providing farm machinery and repair services to local agricultural businesses.
Lake Norden (zip 57248) has an unemployment rate of 2.6%. The US average is 6.0%.
Lake Norden (zip 57248) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Lake Norden (zip 57248)
- The Sales Tax Rate for Lake Norden (zip 57248) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Norden (zip 57248) 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 Norden (zip 57248)
- The average income of a Lake Norden (zip 57248) resident is $28,265 a year. The US average is $37,638 a year.
- The Median household income of a Lake Norden (zip 57248) resident is $76,406 a year. The US average is $69,021 a year.