Cost of Living in Gregory County, South Dakota

$614/mo
Median Monthly Rent
$129,000
Median Home Value
19% below state averageUnaffordable

At a Glance

Median Monthly Rent
$614/mo
19% below state average
Median Home Value
$129,000
54% 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 Gregory County Compares

Median monthly rent comparison

Gregory County$614/mo
South Dakota Average$756/mo
National Median$1,163/mo

Detailed Housing Stats

$614/mo
Median Gross Rent
$129,000
Median Home Value
$583/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio14.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Gregory County, South Dakota?
Gregory County, South Dakota has a median monthly rent of $614/mo and a median home value of $129,000. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Gregory County?
The median gross rent in Gregory County is $614/mo. This is 19% below state average for South Dakota.
Is Gregory County affordable?
Gregory 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 Gregory County's rent compare to the state average?
Gregory County's median rent of $614/mo is 19% below state average of $756/mo for South Dakota.
What is the median home value in Gregory County?
The median home value in Gregory County, South Dakota is $129,000. This is 54% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.