Housing costs in Lake Norden?
A typical home costs
$137,200, which is 59.4% less expensive than the national average of
$338,100 and 48.8% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Lake Norden costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 3.4% cheaper than the state average of
$910.
Can I afford Lake Norden?
To live comfortably in Lake Norden, South Dakota, a minimum annual income of
$26,280 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Lake Norden?
The cost of living in Lake Norden, SD is quite affordable. The median home value is just over $94,000 and the median household income is around $53,000. Additionally, there are many amenities and services that are available at a reasonable price. Groceries and other goods can be found for sale near the lake for reasonable prices as well. There is no state sales tax or personal income tax in the state of South Dakota, which helps to make living in the area even more affordable. Plus, the overall cost of living in Lake Norden is nearly 10% lower than the national average.