Cost of Living in Fall River County, South Dakota

$866/mo

Median Monthly Rent

$176,300

Median Home Value

15% above state averageUnaffordable

At a Glance

Median Monthly Rent

$866/mo

15% above state average

Median Home Value

$176,300

37% below national

Rent-to-Income Ratio

38.0%

% 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 Fall River County Compares

Median monthly rent comparison

Fall River County$866/mo

South Dakota Average$756/mo

National Median$1,163/mo

Detailed Housing Stats

$866/mo

Median Gross Rent

$176,300

Median Home Value

$849/mo

Monthly Owner Cost

38.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Fall River County, South Dakota

Fall River faces significant affordability pressure

Fall River County's 17.0% rent-to-income ratio is the highest among these eight counties and substantially exceeds South Dakota's 13.8% state average. The $866 monthly rent combined with a median household income of just $61,056 creates notable housing stress for renters.

Fall River ranks among South Dakota's priciest markets

At 17.0%, Fall River County's rent-to-income ratio significantly exceeds South Dakota's 13.8% state average, placing it among the state's most affordability-challenged counties. This elevated burden reflects both higher-than-average rents and below-average incomes.

Fall River demands the highest rent-to-income sacrifice

Fall River County's 17.0% rent-to-income ratio exceeds every other county in this analysis—Dewey (14.8%) is the next closest. With $866 monthly rent and only $61,056 median income, Fall River renters allocate more of their earnings to housing than any peer county.

Fall River puts housing costs front and center

Renters allocate $866 monthly while homeowners invest $849, with median home values at $176,300—among the highest in this cohort. Housing consumes 17% of median household income, leaving Fall River households with limited flexibility for savings and other expenses.

Fall River requires careful financial planning

Fall River County's high rent-to-income ratio makes it challenging for renters; homebuyers may find better value here, but incomes don't easily support the region's housing costs. Relocators should strongly consider Day, Deuel, or Davison counties for superior affordability before choosing Fall River.

Affordability Calculator

See how your income compares to housing costs in Fall River County

Your Annual Household Income

Rent Burden

17.0%

of gross income

Max Housing (28% Rule)

$1,425

per month

Owner Cost Burden

16.7%

of gross income

You can likely afford the median home in Fall River County

Median home value is $176,300. Estimated monthly cost: $1,407 vs. your max of $1,425.

Rent Affordability Guide

Your rent-to-income ratio17.0%

Recommended max30.0%

Frequently Asked Questions

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

Fall River County, South Dakota has a median monthly rent of $866/mo and a median home value of $176,300. The affordability rating is Unaffordable, with rent making up approximately 38.0% of median household income.

What is the median rent in Fall River County?

The median gross rent in Fall River County is $866/mo. This is 15% above state average for South Dakota.

Is Fall River County affordable?

Fall River County is rated Unaffordable based on rent-to-income ratio of 38.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Fall River County's median rent of $866/mo is 15% above state average of $756/mo for South Dakota.

What is the median home value in Fall River County?

The median home value in Fall River County, South Dakota is $176,300. This is 37% below the national median home value of $281,900.