Willow Lake, SD (57278) is a small city located in the Midwest of South Dakota. With a population of just under 1,500 people, Willow Lake offers an affordable cost of living with an average two-bedroom rental going for $930 compared to $1,430 nationally. The grocery cost index is also lower at 97 compared to 100 in the US.
The job market in Willow Lake is steadily growing with local companies such as Country Financial, Willow Lake School District and K&S Manufacturing offering employment opportunities. These positions range from administrative and customer service roles to skilled labor jobs within manufacturing and engineering. Additionally, there are many opportunities available for professionals in nearby larger cities including Sioux Falls and Pierre. Overall, Willow Lake offers a low cost of living combined with plenty of employment options for locals and those wishing to relocate alike.
Willow Lake (zip 57278) has an unemployment rate of 3.6%. The US average is 6.0%.
Willow Lake (zip 57278) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Willow Lake (zip 57278)
- The Sales Tax Rate for Willow Lake (zip 57278) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Willow Lake (zip 57278) 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 Willow Lake (zip 57278)
- The average income of a Willow Lake (zip 57278) resident is $20,580 a year. The US average is $28,555 a year.
- The Median household income of a Willow Lake (zip 57278) resident is $58,375 a year. The US average is $69,021 a year.