Cost of Living in Faulk County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Faulk County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Faulk County ranks #736 of 3,142 counties for affordability (top 23%)
Sourced county brief
Faulk County Median Monthly Owner Costs Below State Average
The median selected monthly owner cost in Faulk County is $696 for all owner-occupied units. This figure is $157 lower than the South Dakota unweighted county mean of $853. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) is 19.8%, which is 2.9 percentage points lower than the state unweighted county mean of 22.7%. Median gross rent in the county is $771 per month, while the state unweighted county mean is $785. The median home value was estimated at $147,500, which is below the state unweighted county mean of $181,021. Median renter-household income data was not available for this period. All reported figures are from the U.S. Census Bureau ACS 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Faulk County
Affordability Verdict
ACS B25071 estimates median gross rent at 19.8% of renter household income in Faulk County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $771 per month; median selected monthly owner costs are $696. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $30,840 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The South Dakota unweighted mean of county median rents is $785 per month. Faulk County's $771 median is 1.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Faulk County
Rent Burden
16.0%
of gross income
Max Housing (28% Rule)
$1,348
per month
Owner Cost Burden
14.5%
of gross income
You can likely afford the median home in Faulk County
Median home value is $147,500. Estimated monthly cost: $1,178 vs. your max of $1,348.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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