Housing costs in Spearfish?
A typical home costs
$384,000, which is 13.6% more expensive than the national average of
$338,100 and 43.3% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Spearfish costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 5.8% cheaper than the state average of
$910.
Can I afford Spearfish?
To live comfortably in Spearfish, South Dakota, a minimum annual income of
$73,440 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Spearfish?
The cost of living in Spearfish, SD is slightly lower than the national average. According to the 2020 City-Data Cost of Living Index, Spearfish has an overall cost of living index score of 88.4, which is 8.6 lower than the US average of 97. The housing index of 81.3 is 15.7% below the US average, and food costs are estimated at 3% lower than the national average. Utilities and transportation costs are near the same as other areas in the country. Overall, Spearfish offers a competitive cost of living for its residents, making it a desirable place to live and work.