Housing costs in New Hope?
A typical home costs
$409,200, which is 21.0% more expensive than the national average of
$338,100 and 52.7% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in New Hope costs
$870 per month, which is 39.2% more than the national average of
$1,430 and 4.6% cheaper than the state average of
$910.
Can I afford New Hope?
To live comfortably in New Hope, South Dakota, a minimum annual income of
$78,480 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about New Hope?
The cost of living in New Hope, SD is generally quite reasonable. The median home value in the city is around $132,000, which is much lower than the national average. Utilities are also relatively low; the typical household pays an average of only $100 per month for electricity. The cost of groceries and other everyday items is also quite affordable, with prices staying below market trends in most cases. Additionally, New Hope does not have a state income tax or sales tax, making it even more attractive to potential residents. All things considered, the cost of living here in New Hope is very attractive and offers great value for money.