Wood, South Dakota is a small town located in the southeastern corner of the state, with a population of 57585. It is a great place to live for those looking to settle down in a peaceful environment. The cost of living here is very affordable, with two bedroom rent averaging around $820 compared to the US average of $1,430. Grocery costs also remain low in Wood, with an index of 95 versus the US average of 100. There are several local businesses and amenities that make life in Wood comfortable and enjoyable. Popular restaurants include Hal’s BBQ Grill and Carlos Mexican Restaurant while shopping centers include Westridge Plaza and Shoppers Stop Mall. There are lots of parks located throughout the city as well as recreational facilities such as golf courses, tennis courts and swimming pools for outdoor activities. Residents can also enjoy music events at the community theatre or take part in various cultural events hosted by local organisations or church groups.
Wood (zip 57585) has an unemployment rate of 4.0%. The US average is 6.0%.
Wood (zip 57585) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Wood (zip 57585)
- The Sales Tax Rate for Wood (zip 57585) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Wood (zip 57585) 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 Wood (zip 57585)
- The average income of a Wood (zip 57585) resident is $31,733 a year. The US average is $37,638 a year.
- The Median household income of a Wood (zip 57585) resident is $34,500 a year. The US average is $69,021 a year.