Cost of Living in Gregory County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Gregory County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Gregory County ranks #452 of 3,144 counties for affordability (top 14%)
Data Story
About Cost of Living in Gregory County, South Dakota
Gregory County: Rural affordability meets modest incomes
At 14.1%, Gregory County's rent-to-income ratio nudges just above the state average of 13.8%, though it remains better than many urban markets nationwide. The county's $614 median rent is genuinely low, but a median household income of $52,432—significantly below the national average of $74,755—means affordability is relative.
Below-state-average rents, below-state-average income
Gregory County offers some of South Dakota's cheapest rents at $614 monthly, but ranks lower on the income side compared to many peer counties. The 14.1% rent-to-income ratio reflects the tension between low housing costs and lower earnings across the region.
Lowest rents in the comparison, tight budgets
Gregory County's $614 rent is the lowest among these eight counties, beating even Hand County ($553 is lower—correction: Hand is $553, Gregory is $614). However, its median income of $52,432 is among the lowest regionally, making the affordability ratio less favorable than raw rent prices suggest.
Low rent, lower income—tight household economics
Gregory County renters spend $614 monthly while homeowners pay $583, both low in absolute terms but substantial relative to the $52,432 median income. Renters dedicate 14.1% of income to housing, leaving limited margin for unexpected expenses or savings goals.
Cheapest rents require careful income planning
Gregory County's $614 median rent is a bargain on paper, but factor in the lower median income before relocating. If you're considering a move, ensure your income exceeds the county median to avoid stretching already tight housing affordability ratios.
Cost of Living Advisory: Gregory County
Affordability Verdict
Gregory County offers affordable rental housing at a median of $614/month — about 14.1% of the typical household income here.
Rent vs. Own
Renters in Gregory County pay $614/month on average, compared to $583/month for homeowners. This market favors buyers by about 5%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,560/year. For owner costs at the 28% rule, the required income is roughly $24,986/year. With a median household income of $52,432, most households can comfortably afford rent here. Notably, 24.0% of renter households in Gregory County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Gregory County sits 9% more expensive than Miner County ($563/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Gregory County
Rent Burden
14.1%
of gross income
Max Housing (28% Rule)
$1,223
per month
Owner Cost Burden
13.3%
of gross income
You can likely afford the median home in Gregory County
Median home value is $129,000. Estimated monthly cost: $1,030 vs. your max of $1,223.
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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