Lake Poinsett, SD Cost of Living


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Lake Poinsett cost of living score
79.7
Less expensive
20.3% lower
than the US average
10.8% lower
than the South Dakota average
Lake Poinsett, South Dakota gets a BestPlaces Cost of Living score of 79.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.3% lower than the U.S. average and 10.8% higher than the average for South Dakota.

Lake Poinsett, SD

Housing costs in Lake Poinsett?
A typical home costs $410,600, which is 21.4% more expensive than the national average of $338,100 and 53.2% more expensive than the average South Dakota home, at $268,000. Renting a two-bedroom unit in Lake Poinsett costs $870 per month, which is 39.2% cheaper than the national average of $1,430 and 4.6% cheaper than the state average of $910.

Can I afford Lake Poinsett?
To live comfortably in Lake Poinsett, South Dakota, a minimum annual income of $78,840 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Lake Poinsett?
The cost of living in Lake Poinsett, SD is quite affordable compared to other parts of the country. The median home value is around $215,000, which is significantly lower than the US average. Additionally, groceries and utilities are also much cheaper with an index score of 93.2 making it one of the most affordable places to live in the area. Furthermore, transportation costs are also very reasonable due to its close proximity to Sioux Falls; a 45-minute drive away. All these factors make Lake Poinsett an attractive place to live for those looking for a low cost of living without sacrificing on quality or location.
   Cost of living score
     CategoriesLake PoinsettSouth DakotaUnited States
  79.789.3100.0
  98.397100
  120.4120.8100.0
  100.882.1100.0
  $410,600$268,000$338,100
  88.4%93.6%100.0%
  69.171.2100.0
  71.477.6100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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