Housing costs in Wallace?
A typical home costs
$199,300, which is 41.1% less expensive than the national average of
$338,100 and 25.6% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Wallace costs
$900 per month, which is 1.1% cheaper than the national average of
$910 and close to the state average of
$890.
Can I afford Wallace?
To live comfortably in Wallace (zip 57272), South Dakota, a minimum annual income of
$38,160 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Wallace?
The cost of living in 57272 Wallace, SD is relatively low compared to the U.S. average. The median home price in the area is $69,000, which is much lower than the national average of $231,400. Property taxes are also quite low for this rural area with a median rate of 0.52%. Groceries and health care services are slightly more expensive than the national averages but remain well within reach for most residents. Utility costs such as electricity and water are also far below the national averages due to a mild climate and ample natural resources in the area. With an above-average job market and a favorable cost of living, Wallace is an attractive option for those who wish to reside in rural South Dakota without sacrificing their financial stability or comfort level.