Cost of Living in Corson County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Corson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Corson County ranks #1,704 of 3,144 counties for affordability (bottom 46%)
Data Story
About Cost of Living in Corson County, South Dakota
Corson offers unbeatable rental bargains
Corson County renters spend just 13% of household income on rent—within the healthy national range of 12-14%—while median income of $43,750 ranks lowest in this profile. The remarkably affordable $473 monthly rent cushions the impact of the county's relatively low wages, making basic rental housing accessible even for modest earners.
South Dakota's cheapest rentals
Corson County's 13% rent-to-income ratio sits below the state average of 13.8%, and its $473 monthly rent represents the state's cheapest housing option by far. This combination makes Corson uniquely affordable for renters despite its limited economic opportunity base.
Lowest rent, lowest income, best ratio
Corson's $473 rent drastically undercuts all neighbors—Campbell at $635 is nearly 35% higher, while Codington ($901) and Butte ($940) are roughly double. The median home value of $73,800 is the region's lowest, making both rental and homeownership pathways remarkably accessible.
Bargain basement housing economics
Renters pay just $473 monthly while homeowners spend $548 on properties averaging $73,800, supported by a $43,750 median income. Housing claims roughly 13% of gross income, offering the strongest affordability position in this entire profile despite the lowest earning base.
Corson County: affordability champion
Corson County delivers South Dakota's most affordable housing costs—$473 rent and $73,800 home values—making it ideal for buyers on tight budgets. Trade-off: the county's rural isolation and limited job market mean housing affordability works best if your income or remote work doesn't depend on local opportunities.
Cost of Living Advisory: Corson County
Affordability Verdict
For renters in Corson County, the market is affordable. Expect to pay around $473/month in gross rent, with 18.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Corson County is $473/month, while owner costs run $548/month. Renting saves approximately $75/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $18,920/year. For owner costs at the 28% rule, the required income is roughly $23,486/year. With a median household income of $43,750, most households can comfortably afford rent here. Notably, 18.0% of renter households in Corson County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Corson County sits 12% less expensive than Buffalo County ($535/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Corson County
Rent Burden
13.0%
of gross income
Max Housing (28% Rule)
$1,021
per month
Owner Cost Burden
15.0%
of gross income
You can likely afford the median home in Corson County
Median home value is $73,800. Estimated monthly cost: $589 vs. your max of $1,021.
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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