Housing costs in Frankfort?
A typical home costs
$113,300, which is 66.5% less expensive than the national average of
$338,100 and 57.7% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Frankfort costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 12.3% cheaper than the state average of
$910.
Can I afford Frankfort?
To live comfortably in Frankfort, South Dakota, a minimum annual income of
$21,600 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Frankfort?
The cost of living in Frankfort, SD is relatively low compared to much of the surrounding area. According to Sperling's Best Places, the average home in Frankfort costs just over $90,000 which is significantly lower than nearby Rapid City and Sioux Falls. The median household income in Frankfort is also lower at around $45,000 per year. Transportation costs are also generally lower with an average price for a gallon of gas around $2.66 as of July 2019. Overall, the cost of living in Frankfort is quite reasonable and should not be a deterrent when considering a move to this town.