13 cities · Updated March 2026
South Dakota is significantly more affordable than the national average, with a state-wide cost index of 70. The average monthly rent across South Dakota cities is $916, with median household incomes averaging $66,995 per year. The cheapest city is Mitchell (index 56) and the most expensive is Box Elder (index 95).
South Dakota has no state income tax, making it attractive for high earners. However, the 4.2% sales tax and 1.28% property tax rate offset some of those savings.
Sorted from cheapest to most expensive (US average = 100)
| # | City | Cost Index | Rent | Income | Home Value | Population |
|---|---|---|---|---|---|---|
| 1 | Mitchell | 56 | $754/mo | $56,374 | $182,000 | 15,637 |
| 2 | Huron | 57 | $839/mo | $51,556 | $164,700 | 14,347 |
| 3 | Vermillion | 59 | $728/mo | $52,815 | $210,200 | 11,800 |
| 4 | Yankton | 60 | $780/mo | $69,071 | $202,300 | 15,501 |
| 5 | Aberdeen | 61 | $783/mo | $63,715 | $205,500 | 28,297 |
| 6 | Watertown | 66 | $904/mo | $62,721 | $212,300 | 22,859 |
| 7 | Brookings | 68 | $862/mo | $61,979 | $243,600 | 23,710 |
| 8 | Pierre | 69 | $936/mo | $74,053 | $219,500 | 14,008 |
| 9 | Sioux Falls | 78 | $993/mo | $74,714 | $271,400 | 197,642 |
| 10 | Spearfish | 78 | $941/mo | $59,731 | $309,200 | 12,551 |
| 11 | Rapid | 80 | $1,053/mo | $65,712 | $270,000 | 76,836 |
| 12 | Brandon | 86 | $989/mo | $104,806 | $317,300 | 10,996 |
| 13 | Box Elder | 95 | $1,354/mo | $73,698 | $271,800 | 12,457 |
Common questions about cost of living in South Dakota