Housing costs in Peno?
A typical home costs
$365,000, which is 8.0% more expensive than the national average of
$338,100 and 36.2% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Peno costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 5.8% cheaper than the state average of
$910.
Can I afford Peno?
To live comfortably in Peno, South Dakota, a minimum annual income of
$69,840 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Peno?
The cost of living in Peno, SD is relatively low compared to other cities and towns. Rent for a one-bedroom apartment averages around $500 per month, and groceries are much cheaper than those found in larger nearby cities. Utilities such as electricity and heating are also more affordable due to the rural nature of the area. Additionally, transportation costs are low, as public transportation is limited and car insurance rates are some of the lowest in the state. All in all, Peno is an affordable place to live for individuals and families alike.