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)
How Grant County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grant County ranks #96 of 3,144 counties for affordability (top 3%)
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.
Cost of Living Advisory: Grant County
Affordability Verdict
Grant County offers affordable rental housing at a median of $668/month — about 10.9% of the typical household income here.
Rent vs. Own
At $668/month rent versus $873/month in owner costs, renting is roughly $205/month cheaper — a 23% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,720/year. For owner costs at the 28% rule, the required income is roughly $37,414/year. With a median household income of $73,818, most households can comfortably afford rent here. Notably, 24.0% of renter households in Grant County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within South Dakota, Grant County is more affordable than Bennett County by roughly 8% ($668/mo vs $616/mo).
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
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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