Housing costs in Cottonwood Lake?
A typical home costs
$269,700, which is 20.2% less expensive than the national average of
$338,100 and 0.6% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Cottonwood Lake costs
$840 per month, which is 41.3% more than the national average of
$1,430 and 8.3% cheaper than the state average of
$910.
Can I afford Cottonwood Lake?
To live comfortably in Cottonwood Lake, South Dakota, a minimum annual income of
$51,840 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Cottonwood Lake?
The cost of living in Cottonwood Lake, SD is relatively low. Due to its small population, residents enjoy the benefits of lower taxes and housing costs that are much lower than the national average. Moreover, groceries and other necessities are also priced affordably. As a result, people living in the area can stretch their incomes further than they would find in many other cities or towns. The combination of a peaceful setting and low cost of living contribute to Cottonwood Lake's appeal as an attractive place to call home.