Cost of Living in Haakon County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Haakon County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Haakon County ranks #234 of 3,144 counties for affordability (top 7%)
Data Story
About Cost of Living in Haakon County, South Dakota
Haakon County mirrors South Dakota's affordability
Haakon County's rent-to-income ratio of 13.9% essentially matches the state average of 13.8%, placing it squarely in the middle of South Dakota's housing affordability landscape. With a $688 median rent and $59,231 median income, the county offers typical rural South Dakota housing economics.
Right at South Dakota's affordability midline
Haakon County's 13.9% rent-to-income ratio and $688 median rent position it as a representative South Dakota county, neither exceptionally affordable nor strained. The county tracks almost exactly with statewide averages, making it a stable benchmark for regional housing costs.
Mid-range rents among northeast counties
Haakon County's $688 rent sits between Grant County ($668) and Hughes County ($930), offering a middle option for renters in the region. Its 13.9% affordability ratio matches Grant's state-beating performance more closely than Hughes County's 14.1%.
Balanced rent and ownership costs
Haakon County renters spend $688 monthly while homeowners pay $659, a close-call scenario where renting slightly exceeds ownership costs. Against the $59,231 median income, renters dedicate 13.9% to housing—near the state average—while homeowners spend 13.3%.
Solid middle ground for midwest relocators
Haakon County offers representative South Dakota housing costs without extreme affordability pressures or premium prices. If you want a county that reflects broader state trends rather than outlier markets, Haakon delivers predictable, sustainable housing economics.
Cost of Living Advisory: Haakon County
Affordability Verdict
Haakon County is affordable for renters, with a median gross rent of $688/month representing approximately 13.9% of median household income. The rent burden (GRAPI) stands at 17.0%.
Rent vs. Own
At $688/month rent versus $659/month in owner costs, owning is roughly $29/month cheaper — a 4% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,520/year. For owner costs at the 28% rule, the required income is roughly $28,243/year. With a median household income of $59,231, most households can comfortably afford rent here. Notably, 17.0% of renter households in Haakon County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Haakon County sits 7% less expensive than Aurora County ($739/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Haakon County
Rent Burden
13.9%
of gross income
Max Housing (28% Rule)
$1,382
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Haakon County
Median home value is $153,200. Estimated monthly cost: $1,223 vs. your max of $1,382.
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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