Wallace, South Dakota, with a population of 57272 people, is an ideal place for renters looking for affordable living. The 2 bedroom rent in Wallace is only $900 per month, significantly lower than the US average of $1,430 per month. Additionally, local grocery costs are also lower than the US average. In fact, according to the Grocery Cost Index of Wallace which stands at 96 versus 100 in the US. This means that local grocers can provide more value for your money when shopping for essentials. There are several local businesses in Wallace such as Bull Moose Motors, Thiele Insurance & Real Estate, and Ottertail Country Store that make it a great place to live and work.
Wallace (zip 57272) has an unemployment rate of 3.5%. The US average is 6.0%.
Wallace (zip 57272) has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Wallace (zip 57272)
- The Sales Tax Rate for Wallace (zip 57272) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Wallace (zip 57272) 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 Wallace (zip 57272)
- The average income of a Wallace (zip 57272) resident is $23,534 a year. The US average is $37,638 a year.
- The Median household income of a Wallace (zip 57272) resident is $80,556 a year. The US average is $69,021 a year.