Housing costs in Lake Preston?
A typical home costs
$112,100, which is 66.8% less expensive than the national average of
$338,100 and 58.2% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Lake Preston costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 7.1% cheaper than the state average of
$910.
Can I afford Lake Preston?
To live comfortably in Lake Preston, South Dakota, a minimum annual income of
$21,600 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Lake Preston?
The cost of living in Lake Preston, SD is relatively low compared to other areas of the country. Housing prices are very reasonable, with an average home price coming in around $140,000. Transportation costs are also minimal, as public transport and private vehicle ownership are both inexpensive options. Groceries and other necessities tend to be priced on a lower-than-average scale as well. All-in-all, Lake Preston offers a great quality of life at lower than average costs.