Housing costs in Lake City?
A typical home costs
$107,400, which is 68.2% less expensive than the national average of
$338,100 and 59.9% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Lake City costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 11.0% cheaper than the state average of
$910.
Can I afford Lake City?
To live comfortably in Lake City, South Dakota, a minimum annual income of
$20,520 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Lake City?
Lake City, SD is an affordable place to live with a low cost of living. According to the Council for Community and Economic Research, Lake City has an overall cost of living index of 82.6 which is 18.4% lower than the national average. The housing index in Lake City is even lower at 77, making it one of the most affordable places to live in the state. Utilities are also cheaper than average, with an index score of 89.2 compared to the US average of 100. When it comes to groceries and overall living expenses, Lake City is an excellent choice for those looking for a more economical lifestyle without sacrificing quality of life.