Housing costs in New Effington?
A typical home costs
$92,000, which is 72.8% less expensive than the national average of
$338,100 and 65.7% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in New Effington costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 12.3% cheaper than the state average of
$910.
Can I afford New Effington?
To live comfortably in New Effington, South Dakota, a minimum annual income of
$17,640 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about New Effington?
The cost of living in New Effington, SD is generally quite reasonable. The median home price is just over $98,000, making it an affordable option for homeowners. The average rental rate for a two-bedroom apartment is around $788 per month. Groceries are also affordable with the average family spending around $400 to $500 per month on food. Gas prices tend to be slightly more expensive than in other parts of the country due to its rural location, but they still remain lower than most urban areas. All in all, New Effington provides an economical place for those looking for a low cost of living without sacrificing quality of life.