Housing costs in Newell?
A typical home costs
$126,900, which is 62.5% less expensive than the national average of
$338,100 and 52.6% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Newell costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and close to the state average of
$910.
Can I afford Newell?
To live comfortably in Newell, South Dakota, a minimum annual income of
$24,480 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Newell?
The cost of living in Newell, SD is fairly affordable compared to other areas. The median household income is well below the national average at just $44,053. The median home value sits around $68,000 and rental rates are quite inexpensive. With no state income tax, grocery and healthcare costs on the lower end of the spectrum, and plenty of free outdoor recreation opportunities, Newell can be a great place for those looking to save on their cost of living.