Cost of Living in Grant 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 Grant County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grant County ranks #1,042 of 3,142 counties for affordability (top 33%)
Sourced county brief
Grant County Official GRAPI Reaches 24.3 Percent Median
In Grant County, the official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) is estimated at 24.3%. This figure is 1.6 percentage points above the South Dakota unweighted county mean for official GRAPI of 22.7%. The median gross rent in the county was measured at $763 per month, which is below the state unweighted county mean of $785. Renter households in the area have a median income of $47,596. For owner-occupied units, the median home value is $171,000, while the state unweighted county mean is $181,021. Median selected monthly owner costs for all owner-occupied units are $817, compared to the state unweighted county mean of $853. These statistics represent a snapshot from the American Community Survey 5-Year Estimates. Data versions include acs5-2020-2024 and methodology version cost-brief-v1. 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: Grant County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.3% of renter household income in Grant 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 $763 per month; median selected monthly owner costs are $817. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $30,520 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. Grant County's $763 median is 2.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Grant County
Rent Burden
12.2%
of gross income
Max Housing (28% Rule)
$1,751
per month
Owner Cost Burden
13.1%
of gross income
You can likely afford the median home in Grant County
Median home value is $171,000. Estimated monthly cost: $1,365 vs. your max of $1,751.
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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