LivingCostFacts / state

South Dakota cost of living

South Dakota has an all-items price parity of 88.6 on the U.S. = 100 scale. Compare the statewide picture with county rents and metro price levels.

BEA 2024 · HUD FY2027 · ACS 2020–2024 · CPI through 2026-10

88.6
All-items price level

BEA 2024; U.S. = 100

$75,081
Median household income

ACS 2020–2024

$257,400
Median home value

Owner-occupied homes, ACS 2020–2024

$1,187
Typical 2BR benchmark

Population-weighted county FMR, FY2027

Read the local picture

Regional Price Parities (RPPs) compare prices across places in the same year. An index of 110 means prices are 10% above the U.S. level; 90 means 10% below. RPP measures relative price levels, while CPI measures price change over time.

South Dakota: RPP components

BEA 2024 regional context; each category is compared with its own U.S. = 100 benchmark. These are not county price estimates or spending shares.

  1. All items88.6
  2. Goods95.5
  3. Housing rents67.6
  4. Utilities79.7
  5. Other services91.9
0100.0

Black marker: U.S. benchmark = 100 in each row.

Put the benchmark in context

Fair Market Rent (FMR) is HUD’s estimate of the 40th percentile gross rent for standard-quality rental homes occupied by recent movers. It includes rent and most tenant-paid utilities. A household’s actual rent can differ substantially by neighborhood, lease and property.

Monthly rent by bedroom

HUD FY2027 gross monthly FMR; includes most tenant-paid utilities. Dollars per month.

  1. Studio$862
  2. 1 bedroom$958
  3. 2 bedrooms$1,187
  4. 3 bedrooms$1,579
  5. 4 bedrooms$1,926
0$1,926

Income after benchmark rent is $60,833 a year: ACS median household income minus 12 months of the population-weighted 2BR FMR. This is a comparison between separate datasets and periods, before taxes and all other expenses; it is not disposable income.

The data in view

Price levels relative to the U.S.

BEA RPP, U.S. = 100 each year. This is not an inflation index.

View chart data
Period or categoryValue
200885.0
200986.1
201088.8
201187.3
201290.3
201390.2
201489.4
201587.8
201687.3
201787.2
201891.2
201991.8
202091.3
202190.1
202287.9
202388.1
202488.6

Price levels by category

Each category has its own U.S. benchmark of 100. Components are indexes, not spending shares.

Category2024 RPP
All items88.6
Goods95.5
Housing rents67.6
Utilities79.7
Other services91.9

Monthly Fair Market Rent by bedroom

HUD 40th percentile gross rent for standard-quality units; includes tenant-paid utilities except telephone, cable and internet. These are benchmarks, not asking-rent medians.

Home sizeFY2027 monthly gross rent
Studio$862
1 bedroom$958
2 bedrooms$1,187
3 bedrooms$1,579
4 bedrooms$1,926

County cost comparison

Income: ACS 2020–2024. Rent: HUD FY2027. Rent / income = 12 × 2BR FMR ÷ median household income; it does not measure actual renter burden.

County or equivalent2BR rent / monthMedian household incomeRent / income
Aurora County$1,014$72,88516.7%
Beadle County$1,090$67,68119.3%
Bennett County$1,395$53,75031.1%
Bon Homme County$1,014$64,43518.9%
Brookings County$1,066$70,06418.3%
Brown County$1,014$70,89817.2%
Brule County$1,030$73,72016.8%
Buffalo County$1,409$47,04535.9%
Butte County$1,278$75,65220.3%
Campbell County$1,014$68,92917.7%
Charles Mix County$1,014$64,03819.0%
Clark County$1,014$70,72617.2%
Clay County$1,022$56,85021.6%
Codington County$1,233$72,72720.3%
Corson County$1,014$46,40626.2%
Custer County$1,242$84,11217.7%
Davison County$1,087$66,20819.7%
Day County$1,014$66,03318.4%
Deuel County$1,014$83,11214.6%
Dewey County$1,014$54,10422.5%
Douglas County$1,064$86,44214.8%
Edmunds County$1,087$81,63016.0%
Fall River County$1,289$67,91722.8%
Faulk County$1,057$57,75022.0%
Grant County$1,179$75,02818.9%
Gregory County$1,014$62,91719.3%
Haakon County$1,064$65,62519.5%
Hamlin County$1,014$87,10114.0%
Hand County$1,014$74,63516.3%
Hanson County$1,014$81,07115.0%
Harding County$1,064$80,44115.9%
Hughes County$1,194$81,39517.6%
Hutchinson County$1,014$73,97716.4%
Hyde County$1,014$73,47216.6%
Jackson County$1,014$35,41734.4%
Jerauld County$1,064$73,75017.3%
Jones County$1,014$65,11918.7%
Kingsbury County$1,036$74,00016.8%
Lake County$1,154$76,80818.0%
Lawrence County$1,207$73,38419.7%
Lincoln County$1,228$99,16614.9%
Lyman County$1,086$67,14319.4%
Marshall County$1,014$78,15615.6%
McCook County$1,228$83,85217.6%
McPherson County$1,014$66,90618.2%
Meade County$1,357$74,79021.8%
Mellette County$1,064$54,07623.6%
Miner County$1,014$76,14016.0%
Minnehaha County$1,228$76,88019.2%
Moody County$1,014$78,42715.5%
Oglala Lakota County$1,014$41,41729.4%
Pennington County$1,430$74,51723.0%
Perkins County$1,030$66,90818.5%
Potter County$1,305$72,04521.7%
Roberts County$1,014$65,13018.7%
Sanborn County$1,014$78,75015.5%
Spink County$1,014$70,13917.3%
Stanley County$1,202$87,71216.4%
Sully County$1,064$72,57817.6%
Todd County$1,014$42,07528.9%
Tripp County$1,014$58,98720.6%
Turner County$1,228$75,77119.4%
Union County$1,194$89,63616.0%
Walworth County$1,167$65,02621.5%
Yankton County$1,016$72,82116.7%
Ziebach County$1,014$53,95822.6%

Metros with member counties in South Dakota

BEA 2024, U.S. = 100. Rent is a population-weighted mean of member-county benchmarks where available.

Metro areaAll-items RPPHousing RPP2BR rent / month
Rapid City, SD89.272.6$1,404
Sioux City, IA-NE-SD86.557.8$1,194
Sioux Falls, SD-MN90.677.6$1,221