Aberdeen, SD

Very Low · 61

South Dakota · Population 28,297 · Updated March 2026

$783
Median Rent / Month
$63,715
Median Income
$205,500
Median Home Value
$909
Owner Costs / Month

Affordability

How far your income goes in Aberdeen

14.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in South Dakota

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
4.2%
Sales Tax
1.28%
Property Tax Rate

Estimated Annual Costs

$9,396
Annual Rent
$0
State Income Tax
$2,630
Property Tax (est.)

Cost of Living Overview

Aberdeen is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 61 (where 100 equals the national median), Aberdeen residents can expect to pay median rent of $783/month while earning a median household income of $63,715/year.

The median home value in Aberdeen, SD is $205,500, with typical monthly owner costs around $909 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

South Dakota has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 4.2% sales tax rate and 1.28% effective property tax rate, the overall tax environment helps keep costs manageable in Aberdeen.

Frequently Asked Questions

Common questions about living costs in Aberdeen

What is the cost of living in Aberdeen, SD?
The cost of living index in Aberdeen, SD is 61 (US average = 100). Median monthly rent is $783, median household income is $63,715/year, and the median home value is $205,500.
Is Aberdeen, SD affordable?
Yes, Aberdeen is more affordable than the national average with a cost index of 61. The rent-to-income ratio is 14.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Aberdeen, SD?
The median gross rent in Aberdeen, SD is $783 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,396.
What is the median household income in Aberdeen?
The median household income in Aberdeen, SD is $63,715 per year. This compares to the national median of approximately $80,000.
What are the taxes like in South Dakota?
South Dakota has a top income tax rate of 0%, a sales tax of 4.2%, and an effective property tax rate of 1.28%. Notably, there is no state income tax.