Pierre, SD

Very Low · 69

South Dakota · Population 14,008 · Updated March 2026

$936
Median Rent / Month
$74,053
Median Income
$219,500
Median Home Value
$1,062
Owner Costs / Month

Affordability

How far your income goes in Pierre

15.2%
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

$11,232
Annual Rent
$0
State Income Tax
$2,810
Property Tax (est.)

Cost of Living Overview

Pierre is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), Pierre residents can expect to pay median rent of $936/month while earning a median household income of $74,053/year.

The median home value in Pierre, SD is $219,500, with typical monthly owner costs around $1,062 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.2% 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 Pierre.

Frequently Asked Questions

Common questions about living costs in Pierre

What is the cost of living in Pierre, SD?
The cost of living index in Pierre, SD is 69 (US average = 100). Median monthly rent is $936, median household income is $74,053/year, and the median home value is $219,500.
Is Pierre, SD affordable?
Yes, Pierre is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 15.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Pierre, SD?
The median gross rent in Pierre, SD is $936 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,232.
What is the median household income in Pierre?
The median household income in Pierre, SD is $74,053 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.