Housing costs in Elk Point?
A typical home costs
$254,600, which is 24.7% less expensive than the national average of
$338,100 and 5.0% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Elk Point costs
$900 per month, which is 1.1% cheaper than the national average of
$910 and 3.3% cheaper than the state average of
$930.
Can I afford Elk Point?
To live comfortably in Elk Point (zip 57025), South Dakota, a minimum annual income of
$48,960 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Elk Point?
The cost of living in 57025 Elk Point, SD is quite affordable. The median home cost is around $286,400, which is lower than the national average. Prices for groceries and other necessities are also lower than the national average, making it easy to stick to a budget. The unemployment rate in Elk Point is 3%, which is much lower than the national average of 6%. This means that there are plenty of job opportunities to help make ends meet. Additionally, the city offers many amenities and activities to help residents enjoy their quality of life without having to pay excessive amounts.