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)
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 Haakon County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Haakon County ranks #525 of 3,142 counties for affordability (top 17%)
Sourced county brief
Haakon County Rent to Income Percentage Reaches 17.3 Percent
Haakon County has an official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) of 17.3%. This figure is 5.4 percentage points below the South Dakota unweighted county mean for official GRAPI of 22.7%. The median gross rent in the county is $584 per month, which is lower than the state unweighted county mean of $785. Median renter-household income in Haakon County was estimated at $51,172. For homeowners, the median home value was measured at $164,200, below the state unweighted county mean of $181,021. Median selected monthly owner costs for all owner-occupied units is $763, compared to the state unweighted county mean of $853. These figures are based on the U.S. Census Bureau ACS 2020-2024 5-Year Estimates using the cost-brief-v1 methodology. 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: Haakon County
Affordability Verdict
ACS B25071 estimates median gross rent at 17.3% of renter household income in Haakon 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 $584 per month; median selected monthly owner costs are $763. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $23,360 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. Haakon County's $584 median is 25.6% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Haakon County
Rent Burden
10.7%
of gross income
Max Housing (28% Rule)
$1,531
per month
Owner Cost Burden
14.0%
of gross income
You can likely afford the median home in Haakon County
Median home value is $164,200. Estimated monthly cost: $1,311 vs. your max of $1,531.
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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