Cost of Living in Bon Homme County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Bon Homme County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Bon Homme County ranks #451 of 3,144 counties for affordability (top 14%)
Data Story
About Cost of Living in Bon Homme County, South Dakota
Bon Homme delivers strong rental value
Bon Homme County's 12.1% rent-to-income ratio ranks among the nation's most affordable, with modest rents of $620 paired against a median household income of $61,275. Renters here enjoy genuine affordability that outperforms national norms by a wide margin.
Bon Homme beats South Dakota average
At 12.1% rent-to-income, Bon Homme County outperforms the South Dakota average of 13.8%, making it one of the state's more renter-friendly counties. The combination of low rents and modest but stable incomes creates sustainable housing economics.
Bon Homme undercuts most regional competitors
Bon Homme's $620 median rent ranks second-lowest in this region, trailing only Bennett County ($616), while household income ($61,275) exceeds Bennett's significantly. This balance positions Bon Homme as a genuine affordability leader.
Housing costs remain well-managed
Renters spend $620 monthly (12.1% of income) while homeowners pay $747, both figures well below concerning thresholds against the $61,275 median household income. Housing remains accessible without sacrificing financial stability.
Bon Homme suits budget-conscious movers
If affordability and financial breathing room matter most, Bon Homme County delivers reliable housing costs and reasonable wages. Consider it seriously for relocation—the numbers support long-term financial health.
Cost of Living Advisory: Bon Homme County
Affordability Verdict
For renters in Bon Homme County, the market is affordable. Expect to pay around $620/month in gross rent, with 21.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Bon Homme County is $620/month, while owner costs run $747/month. Renting saves approximately $127/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,800/year. For owner costs at the 28% rule, the required income is roughly $32,014/year. With a median household income of $61,275, most households can comfortably afford rent here. Notably, 21.0% of renter households in Bon Homme County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Jerauld County where rent averages $565/month, Bon Homme County is approximately 10% more expensive.
Affordability Calculator
See how your income compares to housing costs in Bon Homme County
Rent Burden
12.1%
of gross income
Max Housing (28% Rule)
$1,430
per month
Owner Cost Burden
14.6%
of gross income
You can likely afford the median home in Bon Homme County
Median home value is $120,300. Estimated monthly cost: $960 vs. your max of $1,430.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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