Housing costs in McLaughlin?
A typical home costs
$74,100, which is 78.1% less expensive than the national average of
$338,100 and 72.4% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in McLaughlin costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 23.0% cheaper than the state average of
$910.
Can I afford McLaughlin?
To live comfortably in McLaughlin, South Dakota, a minimum annual income of
$14,040 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about McLaughlin?
McLaughlin, SD is known for its relatively low cost of living. The median home value in McLaughlin is $50,000, which makes it a great option for those on a budget. Additionally, the cost of groceries and utilities are lower than the national average. With its small population size of around 900 people, there's not much demand for housing or services so the cost of living remains low. There is also no sales tax in South Dakota so that helps to keep prices down even further. All in all, McLaughlin offers an affordable lifestyle with plenty of amenities and activities nearby.