Cost of Living in Day County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Day County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Day County ranks #547 of 3,144 counties for affordability (top 17%)
Data Story
About Cost of Living in Day County, South Dakota
Day County punches above affordability class
Day County's 12.0% rent-to-income ratio beats the national median and South Dakota's state average of 13.8%, making it one of the most affordable rental markets in the region. The $623 median monthly rent combined with $62,270 median income creates a housing-friendly environment rare in rural America.
Day ranks among South Dakota's best
With a 12.0% rent-to-income ratio, Day County ranks in the top tier of South Dakota counties for housing affordability, well below the state average of 13.8%. This competitive advantage makes Day a standout for renters seeking maximum wallet relief.
Day County leads the affordability race
Day County's 12% rent-to-income ratio decisively outperforms Davison (14.7%), Deuel (10.1%), and Faulk (14.3%) when measured by affordability burden. At $623/month rent, Day offers the lowest rental cost among its peer counties.
Day's housing economics favor renters
Renters pay just $623 monthly while homeowners invest $791 in ownership costs, with median home values reaching $155,100. Housing consumes only 12% of median household income, well below national stress thresholds.
Day County is rural affordability's hidden gem
If you're seeking a South Dakota county where housing won't strain your budget, Day County delivers genuine relief. It's the region's best option for renters and a strong choice for homebuyers who prioritize affordability.
Cost of Living Advisory: Day County
Affordability Verdict
For renters in Day County, the market is affordable. Expect to pay around $623/month in gross rent, with 23.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Day County pay $623/month on average, compared to $791/month for homeowners. This market favors renters by about 21%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,920/year. For owner costs at the 28% rule, the required income is roughly $33,900/year. With a median household income of $62,270, most households can comfortably afford rent here. Notably, 23.0% of renter households in Day County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Day County sits 10% more expensive than Jerauld County ($565/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Day County
Rent Burden
12.0%
of gross income
Max Housing (28% Rule)
$1,453
per month
Owner Cost Burden
15.2%
of gross income
You can likely afford the median home in Day County
Median home value is $155,100. Estimated monthly cost: $1,238 vs. your max of $1,453.
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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