Housing costs in Gem?
A typical home costs
$433,700, which is 28.3% more expensive than the national average of
$338,100 and 61.8% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Gem costs
$840 per month, which is 41.3% more than the national average of
$1,430 and 8.3% cheaper than the state average of
$910.
Can I afford Gem?
To live comfortably in Gem, South Dakota, a minimum annual income of
$83,160 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Gem?
The cost of living in Gem, SD is quite reasonable. The median home cost is just over $120,000, which is significantly lower than the national average. Additionally, the annual household income for the city is around $35,000. This helps keep living costs low and makes it a great choice for those on a budget. Gas prices are also generally quite low compared to other parts of the country. Combined with its close proximity to larger cities such as Sioux Falls and Minneapolis, there are plenty of opportunities for work and recreation nearby without breaking the bank.