Housing costs in Timber Lake?
A typical home costs
$93,900, which is 72.2% less expensive than the national average of
$338,100 and 65.0% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Timber Lake costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 13.8% cheaper than the state average of
$910.
Can I afford Timber Lake?
To live comfortably in Timber Lake (zip 57656), South Dakota, a minimum annual income of
$18,000 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Timber Lake?
The cost of living in 57656 Timber Lake, SD is relatively low compared to the national average. Housing and utilities are significantly lower than the national average, making it an attractive option for those looking to save money. The median home value in Timber Lake is $97,800 which is much lower than the United States median of $195,500. Similarly, the median household income is much lower than the national average at $39,890 as opposed to $60,293. Transportation costs are also low due to its rural location and many people having access to vehicles if not owning one outright. Overall, living in Timber Lake offers a great way for families and individuals to save money while still enjoying a quiet and safe community atmosphere.