Brandon, SD

Below Avg · 86

South Dakota · Population 10,996 · Updated March 2026

$989
Median Rent / Month
$104,806
Median Income
$317,300
Median Home Value
$1,311
Owner Costs / Month

Affordability

How far your income goes in Brandon

11.3%
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

$11,868
Annual Rent
$0
State Income Tax
$4,061
Property Tax (est.)

Cost of Living Overview

Brandon offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 86 (where 100 equals the national median), Brandon residents can expect to pay median rent of $989/month while earning a median household income of $104,806/year.

The median home value in Brandon, SD is $317,300, with typical monthly owner costs around $1,311 including mortgage, insurance, and taxes. The median rent-to-income ratio of 11.3% 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 Brandon.

Frequently Asked Questions

Common questions about living costs in Brandon

What is the cost of living in Brandon, SD?
The cost of living index in Brandon, SD is 86 (US average = 100). Median monthly rent is $989, median household income is $104,806/year, and the median home value is $317,300.
Is Brandon, SD affordable?
Yes, Brandon is more affordable than the national average with a cost index of 86. The rent-to-income ratio is 11.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Brandon, SD?
The median gross rent in Brandon, SD is $989 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,868.
What is the median household income in Brandon?
The median household income in Brandon, SD is $104,806 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.