Housing costs in Laketon?
A typical home costs
$369,300, which is 9.2% more expensive than the national average of
$338,100 and 37.8% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Laketon costs
$880 per month, which is 38.5% more than the national average of
$1,430 and 3.4% cheaper than the state average of
$910.
Can I afford Laketon?
To live comfortably in Laketon, South Dakota, a minimum annual income of
$70,920 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Laketon?
The cost of living in Laketon, SD is quite low compared to the national average. Housing is particularly affordable as the median home price is far below the national median. Utility costs are also lower than average due to wind energy options available in the area. Groceries and other necessities are typically less expensive than they would be in larger cities, making it possible to have a comfortable lifestyle at an affordable cost. Although there may not be many luxurious shopping options available, residents can find plenty of deals at local stores that make life in Laketon a very economical experience.