Sherman township (Brookings County), SD Cost of Living


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How much do I need to live in Sherman township (Brookings County), South Dakota?
$5,010 / month
for a family, 7.2% less expensive than the national average A total of $60,120 for the year for a family.
$2,267 / month
for a single person, 52.4% less expensive than the national average A total of $27,200 for the year for a single person.

Sherman township (Brookings County) cost of living score
84.3
Less expensive
15.7% lower
than the US average
5.6% lower
than the South Dakota average
Sherman township (Brookings County), South Dakota gets a BestPlaces Cost of Living score of 84.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.7% lower than the U.S. average and 5.6% higher than the average for South Dakota.

Sherman township (Brookings County), SD

Housing costs in Sherman township (Brookings County)?
A typical home costs $313,600, which is 7.2% less expensive than the national average of $338,100 and 17.0% more expensive than the average South Dakota home, at $268,000. Renting a two-bedroom unit in Sherman township (Brookings County) costs $890 per month, which is 37.8% more than the national average of $1,430 and 2.2% cheaper than the state average of $910.

Can I afford Sherman township (Brookings County)?
To live comfortably in Sherman township (Brookings County), South Dakota, a minimum annual income of $60,120 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Sherman township (Brookings County)?
The cost of living in Sherman Township (Brookings County), SD is quite reasonable. Housing expenses are quite low, with the median home value being $164,400, and rents averaging around $719 per month for a one-bedroom apartment. Groceries, health care, and transportation costs also tend to be lower than the national average. Additionally, taxes are also very reasonable in this area, as there are no state or local income taxes. All in all, it's easy to see why Sherman Township is such an attractive destination for those looking for an affordable place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSherman township (Brookings County)South DakotaUnited States
    Unlock89.3100.0
  98.7  Unlock100.0
    Unlock120.8100.0
  66.6  Unlock100.0
    Unlock$268,000$338,100
  88.3  Unlock100.0
    Unlock71.2100.0
  93.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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