Housing costs in Palmyra?
A typical home costs
$156,100, which is 53.8% less expensive than the national average of
$338,100 and 41.8% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Palmyra costs
$840 per month, which is 41.3% more than the national average of
$1,430 and 8.3% cheaper than the state average of
$910.
Can I afford Palmyra?
To live comfortably in Palmyra, South Dakota, a minimum annual income of
$29,880 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Palmyra?
Palmyra, SD offers an affordable cost of living. According to the Council for Community and Economic Research, Palmyra has a Cost of Living Index score of 87.2, which is below the national average of 100. This means that goods and services cost 13% less in Palmyra compared to other parts of the country. The median home value is also significantly lower than the national average at around $97,400, making it a great place for people looking for affordable housing. Property taxes are also more reasonable in Palmyra than many other parts of the state and country. With its abundance of outdoor activities and low cost of living, Palmyra is an attractive place to live for those looking for an affordable lifestyle.