Housing costs in Anderson?
A typical home costs
$310,200, which is 8.3% less expensive than the national average of
$338,100 and 15.7% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Anderson costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 10.8% more than the state average of
$910.
Can I afford Anderson?
To live comfortably in Anderson, South Dakota, a minimum annual income of
$59,400 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Anderson?
The cost of living in Anderson, SD is relatively low when compared to other areas in the United States. On average, the median home cost is approximately $129,800 and there are no state or local income taxes. Additionally, groceries, health care expenses, and transportation costs are all well below the national average. In terms of utilities such as electricity and gas, residents can expect to pay about 10-15% less than what they would in other parts of the country. All these factors combined make Anderson a great place to live for those looking for an affordable lifestyle.