Cost of Living in Grant County, South Dakota

$668/mo
Median Monthly Rent
$179,400
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$668/mo
12% below state average
Median Home Value
$179,400
36% 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 Grant County Compares

Median monthly rent comparison

Grant County$668/mo
South Dakota Average$756/mo
National Median$1,163/mo

Detailed Housing Stats

$668/mo
Median Gross Rent
$179,400
Median Home Value
$873/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Grant County, South Dakota

Grant County rents remain below national norms

Renters in Grant County spend just 10.9% of their income on housing, well below the national benchmark and markedly better than the state average of 13.8%. With a median rent of $668 per month against a median household income of $73,818, housing costs here are genuinely affordable compared to most of America.

Among South Dakota's most affordable counties

Grant County ranks favorably within South Dakota for housing affordability, with a rent-to-income ratio that beats the state average by nearly 3 percentage points. The county's $668 median rent sits nearly $90 below the state median, positioning it as a genuine value for renters statewide.

Competitive rents across the northeast region

Grant County's $668 rent aligns closely with neighboring Haakon County ($688) and undercuts Hughes County's $930 significantly. Compared to the state average of $756, Grant offers renters a measurable savings without sacrificing regional convenience.

Modest housing costs, healthy incomes

Grant County renters allocate $668 monthly while homeowners spend $873, both reasonable against the county's $73,818 median income. Renters dedicate roughly 10.9% of income to housing, leaving the vast majority of household earnings for savings, education, and other priorities.

Affordable renting in a stable community

If you're seeking a county where rent doesn't dominate your budget, Grant County delivers without compromise. Compare its 10.9% rent-to-income ratio against nearby counties—you'll find genuine affordability paired with a median income that supports a comfortable lifestyle.

Affordability Calculator

See how your income compares to housing costs in Grant County

$

Rent Burden

10.9%

of gross income

Max Housing (28% Rule)

$1,722

per month

Owner Cost Burden

14.2%

of gross income

You can likely afford the median home in Grant County

Median home value is $179,400. Estimated monthly cost: $1,432 vs. your max of $1,722.

Rent Affordability Guide

Your rent-to-income ratio10.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Grant County, South Dakota?
Grant County, South Dakota has a median monthly rent of $668/mo and a median home value of $179,400. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Grant County?
The median gross rent in Grant County is $668/mo. This is 12% below state average for South Dakota.
Is Grant County affordable?
Grant 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 Grant County's rent compare to the state average?
Grant County's median rent of $668/mo is 12% below state average of $756/mo for South Dakota.
What is the median home value in Grant County?
The median home value in Grant County, South Dakota is $179,400. This is 36% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Grant County, South Dakota? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Grant County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.