Cost of Living in Bennett County, South Dakota

$616/mo
Median Monthly Rent
$138,600
Median Home Value
19% below state averageUnaffordable

At a Glance

Median Monthly Rent
$616/mo
19% below state average
Median Home Value
$138,600
51% below national
Rent-to-Income Ratio
19.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Bennett County Compares

Median monthly rent comparison

Bennett County$616/mo
South Dakota Average$756/mo
National Median$1,163/mo

Detailed Housing Stats

$616/mo
Median Gross Rent
$138,600
Median Home Value
$628/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Bennett County, South Dakota

Bennett faces severe affordability stress

Bennett County's 16.6% rent-to-income ratio masks a deeper crisis: the median household income of just $44,569 trails the national average by $30,186. Renters paying $616 monthly—while seemingly low—consume a devastating share of earnings, reflecting structural economic challenges.

Bennett is South Dakota's affordability outlier

Bennett County's 16.6% rent-to-income ratio and $44,569 median income represent the most stressed household finances among South Dakota's counties examined here. The combination signals persistent economic headwinds despite modest rents.

Bennett rents are lowest, incomes lower still

While Bennett's $616 median rent ranks lowest across these eight counties, the median household income of $44,569 is devastatingly low—nearly $30,000 below Aurora or Brookings. This income disadvantage, not low rents, drives Bennett's affordability crisis.

Income shortfall, not rent, is the problem

Bennett renters pay $616 monthly (16.6% of income) and homeowners $628, seemingly affordable numbers until set against the $44,569 median household income. The real issue is insufficient earnings relative to basic living costs and regional standards.

Bennett requires strong income planning

Consider relocating to Bennett only if you bring above-median earning potential or have stable remote income, as local wages lag significantly. The county's low housing costs offer little relief if your household income matches the regional median.

Affordability Calculator

See how your income compares to housing costs in Bennett County

$

Rent Burden

16.6%

of gross income

Max Housing (28% Rule)

$1,040

per month

Owner Cost Burden

16.9%

of gross income

The median home in Bennett County may be a stretch

Median home value is $138,600. Estimated monthly cost: $1,106 vs. your max of $1,040.

Rent Affordability Guide

Your rent-to-income ratio16.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Bennett County, South Dakota?
Bennett County, South Dakota has a median monthly rent of $616/mo and a median home value of $138,600. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Bennett County?
The median gross rent in Bennett County is $616/mo. This is 19% below state average for South Dakota.
Is Bennett County affordable?
Bennett County is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Bennett County's rent compare to the state average?
Bennett County's median rent of $616/mo is 19% below state average of $756/mo for South Dakota.
What is the median home value in Bennett County?
The median home value in Bennett County, South Dakota is $138,600. This is 51% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.