Housing costs in Martin?
A typical home costs
$125,800, which is 62.8% less expensive than the national average of
$338,100 and 53.1% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Martin 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 Martin?
To live comfortably in Martin (zip 57551), South Dakota, a minimum annual income of
$24,120 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Martin?
The cost of living in 57551 Martin, SD is relatively low compared to other cities across the nation. According to the BestPlaces Cost of Living Index, the index score for Martin is 54.37 compared to the U.S. average of 100. This means that residents in Martin can receive more value for their money since goods and services are significantly cheaper than elsewhere in America. Rent prices are also quite affordable at an average of $622 per month for a one-bedroom apartment. Additionally, food costs including groceries and restaurant meals tend to be very reasonable at around 8% lower than the national average. Altogether, this provides residents with a significant amount of savings on day-to-day expenses which makes it an attractive place to live.