Housing costs in Dearborn?
A typical home costs
$269,100, which is 20.4% less expensive than the national average of
$338,100 and 0.4% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Dearborn 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 Dearborn?
To live comfortably in Dearborn, South Dakota, a minimum annual income of
$51,480 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Dearborn?
The cost of living in Dearborn, SD is quite affordable. Residents are able to take advantage of low housing costs, as well as relatively low food and transportation costs. On average, groceries cost just a few percent more than the national average, while the cost of transportation remains lower than the national average. In addition, there is no income tax in South Dakota, making it an attractive place for those looking for a budget-friendly lifestyle. With all that considered, Dearborn is an excellent spot for people looking to live comfortably without spending too much money.