Housing costs in Milbank?
A typical home costs
$185,300, which is 45.2% less expensive than the national average of
$338,100 and 30.9% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Milbank costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 11.0% cheaper than the state average of
$910.
Can I afford Milbank?
To live comfortably in Milbank (zip 57252), South Dakota, a minimum annual income of
$35,640 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Milbank?
The cost of living in 57252 Milbank, SD is quite reasonable. The overall cost of living index is approximately 7% lower than the national average. This means that many basic necessities such as groceries and utilities are much more affordable than in other parts of the country. Housing costs also tend to be very low compared to other areas, with median home prices coming in around $125,000. Additionally, taxes are relatively low, which helps to keep the overall cost of living in this area quite affordable.