Cost of Living in Codington County, South Dakota

$901/mo

Median Monthly Rent

$218,000

Median Home Value

19% above state averageUnaffordable

At a Glance

Median Monthly Rent

$901/mo

19% above state average

Median Home Value

$218,000

23% below national

Rent-to-Income Ratio

24.0%

% 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 Codington County Compares

Median monthly rent comparison

Codington County$901/mo

South Dakota Average$756/mo

National Median$1,163/mo

Detailed Housing Stats

$901/mo

Median Gross Rent

$218,000

Median Home Value

$985/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Codington County, South Dakota

Codington rents above national comfort zone

Codington County renters allocate 16.6% of household income to rent, exceeding the healthy national range of 12-14%, while median income of $65,080 trails the national median by nearly $10,000. The $901 monthly rent makes Codington one of the state's pricier rental markets despite modest local wages.

Second-priciest county in state

Codington's 16.6% rent-to-income ratio ranks among South Dakota's worst affordability metrics, beaten only by Clay County's 15% and Butte's 16.7%. Monthly rent of $901 significantly exceeds the state median of $756, placing renters here under substantial financial strain.

Premium pricing, limited bargains

Codington's $901 rent runs $266 above Campbell County's bargain basement and $174 above Charles Mix, making it the region's rental pricier. Homebuyers face a median value of $218,000, nearly matching Butte and Clay County's expensive markets.

High rents on moderate incomes

Renters pay $901 monthly while homeowners spend $985 on $218,000 median-valued homes, supported by $65,080 median income. Housing costs approach one-sixth of gross income for renters and nearly one-fifth for owners, straining household budgets considerably.

Codington: premium costs require premium income

Codington County's above-average rents and home values demand strong earning power—expect to dedicate over 16% of income to housing as a renter. Consider this a higher-cost county despite modest local wages; ensure your relocation income exceeds the $65,000 median substantially.

Affordability Calculator

See how your income compares to housing costs in Codington County

Your Annual Household Income

Rent Burden

16.6%

of gross income

Max Housing (28% Rule)

$1,519

per month

Owner Cost Burden

18.2%

of gross income

The median home in Codington County may be a stretch

Median home value is $218,000. Estimated monthly cost: $1,740 vs. your max of $1,519.

Rent Affordability Guide

Your rent-to-income ratio16.6%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Codington County, South Dakota?

Codington County, South Dakota has a median monthly rent of $901/mo and a median home value of $218,000. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Codington County?

The median gross rent in Codington County is $901/mo. This is 19% above state average for South Dakota.

Is Codington County affordable?

Codington County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Codington County's rent compare to the state average?

Codington County's median rent of $901/mo is 19% above state average of $756/mo for South Dakota.

What is the median home value in Codington County?

The median home value in Codington County, South Dakota is $218,000. This is 23% below the national median home value of $281,900.