Housing costs in Lake Hill?
A typical home costs
$399,500, which is 18.2% more expensive than the national average of
$338,100 and 49.1% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Lake Hill costs
$850 per month, which is 40.6% more than the national average of
$1,430 and 7.1% cheaper than the state average of
$910.
Can I afford Lake Hill?
To live comfortably in Lake Hill, South Dakota, a minimum annual income of
$76,680 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Lake Hill?
The cost of living in Lake Hill, SD is quite reasonable. The median home value is just over $150,000 and the median household income is just under $65,000 per year. Gas prices hover around the national average, while groceries and other daily essentials are similarly priced to other major cities in the Midwest. Property taxes are also fairly low compared to many other communities in South Dakota and across the United States. Furthermore, Lake Hill has kept up with its growing population by offering affordable housing options and expanding its public transportation system – all of which help to keep the overall cost of living down for residents.