Housing costs in Lake Andes?
A typical home costs
$73,000, which is 78.4% less expensive than the national average of
$338,100 and 72.8% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Lake Andes costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 9.6% cheaper than the state average of
$910.
Can I afford Lake Andes?
To live comfortably in Lake Andes, South Dakota, a minimum annual income of
$14,040 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Lake Andes?
The cost of living in Lake Andes, SD is low overall, making it a great place to live for budget-conscious folks. The median home value is estimated at $78,000, with a median rental value of $632 per month. Utilities are also relatively inexpensive with an average monthly energy bill of only $86 and an average water bill of just $21. Groceries and restaurants are also affordable, with the price of basic groceries being 4% lower than the national average. Additionally, there are no state income taxes in South Dakota so residents can save more on their take-home pay. All in all, the cost of living in Lake Andes makes it a great option for those looking for an affordable place to call home.