Housing costs in Oak Lake?
A typical home costs
$376,200, which is 11.3% more expensive than the national average of
$338,100 and 40.4% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Oak Lake costs
$850 per month, which is 40.6% more than the national average of
$1,430 and 7.1% cheaper than the state average of
$910.
Can I afford Oak Lake?
To live comfortably in Oak Lake, South Dakota, a minimum annual income of
$72,000 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Oak Lake?
Oak Lake, SD boasts a cost of living that is significantly lower than the national average. The median home value in Oak Lake is just over $80k, while the median monthly rent is around $650. In addition to being low, the cost of living in Oak Lake remains relatively stable and increases slowly over time. Groceries, utilities, and transportation costs are all affordable for most residents. All of this makes Oak Lake an attractive option for families or individuals looking for a place to settle down without having to worry about the financial burden of high prices.