Housing costs in Spencer?
A typical home costs
$223,600, which is 33.9% less expensive than the national average of
$338,100 and 16.6% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Spencer costs
$830 per month, which is 8.8% cheaper than the national average of
$910 and 14.5% cheaper than the state average of
$950.
Can I afford Spencer?
To live comfortably in Spencer (zip 57374), South Dakota, a minimum annual income of
$42,840 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Spencer?
The cost of living in 57374 Spencer, SD is relatively low. The median home cost is $70,900, which is significantly lower than the national median of $184,700. In addition, the median gross rent in Spencer is only $490 per month; much more affordable than the national average of $949 per month. Overall, living in Spencer provides residents with an affordable option for housing and other necessities without sacrificing quality of life.