Elk Point, SD — income, home value, property tax, and sales tax.
In ZIP code 57038, near Elk Point, households bring in a median of $106,250 a year, with per-capita income at $63,998. Homes here are valued at a median of $332,300, and the county's 1.10% property tax rate means an owner of such a home would owe roughly $3,655 annually. Add a 6.20% combined sales tax on purchases, and the earnings picture still leaves considerable slack: income outpaces both housing costs and consumption taxes by a wide margin, so households can direct substantial sums toward savings, debt reduction, or other priorities.
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