Housing costs in Vermillion?
A typical home costs
$234,600, which is 30.6% less expensive than the national average of
$338,100 and 12.5% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Vermillion costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 4.6% cheaper than the state average of
$910.
Can I afford Vermillion?
To live comfortably in Vermillion South Dak Metro Area, South Dakota, a minimum annual income of
$45,000 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Vermillion?
The cost of living in Vermillion, SD Metro Area is 82.1, which is significantly lower than the US average Cost of Living of 100. Despite the lower cost of living, the median value of homes in this metro area is around $234,600, which is still higher than the US average house value of $338,100. This indicates that Vermillion residents are able to maintain a reasonable standard of living while paying less for goods and services than many other areas in the country.