South Dakota is truly a great place to live. It’s one of the most taxpayer-friendly states in the country, and its residents can enjoy comparatively low local taxes and no individual income tax. The “Mount Rushmore State” ranks high in affordability due to its strong economy, low cost of living and economical housing.
Whether you’re living on the Great Plains, off the Mighty Mo (Missouri River) or up in the Black Hills, South Dakota has affordable living wherever you look. In no particular order…
These are three of the most affordable communities in which to live in South Dakota.
- This city of approximately 13,500 people is located smack dab in the middle of eastern South Dakota. Although its medium income of $46,613 is slightly less than the state average of $56,521, Huron makes up for it with strong affordable housing. According to City-Data, the median house and condo price in Huron is slightly more than $95,000, with a median gross rent cost of $600. Huron is currently experiencing a steady rise in population after years of stagnation. Its growth is supported by an increase of new business and, more importantly, its affordability.
- Located near the South Dakota/Minnesota border and five miles east of Sioux Falls, Brandon, is a growing community. Its diverse economy and great cost of living, which is four percent lower than the U.S average, makes Brandon a fine place to live. Strong employment opportunities give residents more cash in the bank to put toward their houses. And because it’s located near Sioux Falls and in the ever-growing southeastern South Dakota, Brandon residents can enjoy cultural opportunities and metro life nearby.
Located in Pennington County, the second most populous county in South Dakota, Rapid Valley is just outside the feet of the Black Hills and a suburb to Rapid City. According to Livability, the median income in Rapid Valley is $58,814, and the median home value is right around $143,200. With a growing suburban environment and plenty of outdoor opportunities, Rapid Valley brings the best of both worlds. Enjoy the opportunities of Rapid City with rural affordability in Rapid Valley.