Housing costs in South Dakota?
A typical home costs
$268,000, which is 20.7% less expensive than the national average of
$338,100 and 0.0% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in South Dakota costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and close to the state average of
$910.
Can I afford South Dakota?
To live comfortably in South Dakota, a minimum annual income of
$51,480 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about South Dakota?
The cost of living in South Dakota State is fairly reasonable compared to other parts of the country. According to data collected from BestPlaces, the cost of living index for South Dakota is approximately 86.7, which is significantly lower than the US average of 100. This means that basic goods and services such as groceries, transportation, and utilities are all more affordable in South Dakota than in other areas of the country. Additionally, housing costs are very low in South Dakota with average rents being about 20% lower than other states across the US. All these factors make it possible for people to enjoy a comfortable lifestyle at a much more affordable price point than they would find elsewhere.