Housing costs in Vermillion?
A typical home costs
$232,200, which is 31.3% less expensive than the national average of
$338,100 and 13.4% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Vermillion costs
$680 per month, which is 52.4% cheaper than the national average of
$1,430 and 33.8% cheaper than the state average of
$910.
Can I afford Vermillion?
To live comfortably in Vermillion, South Dakota, a minimum annual income of
$44,640 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about Vermillion?
The cost of living in Vermillion, SD is quite affordable. According to data from Sperling's Best Places, the overall cost of living index score for Vermillion is 78.9, which is slightly below the US average of 100. This means that basic expenses such as housing, utilities, transportation and groceries are all more affordable than the national averages. The median home price in Vermillion is currently around $179,000, while monthly rent for a two-bedroom apartment averages at around $660 per month. Overall, Vermillion is an affordable place to live for both families and individuals alike.