Cost of Living in Hanson County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hanson County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Hanson County, South Dakota
Hanson County: Prosperity meets housing affordability
Hanson County's rent-to-income ratio of 10.2% ranks among the best in this county set and well below the state average of 13.8%, driven by a strong median household income of $86,375. The county demonstrates how higher earning power transforms even moderate rents into genuinely affordable housing.
Highest incomes, excellent affordability outcomes
Hanson County ranks among South Dakota's highest-earning counties at $86,375 median income, enabling an impressive 10.2% rent-to-income ratio. The county's economic strength and reasonable rents create one of the state's best housing affordability profiles.
Top-tier income with competitive rents
Hanson County's $733 median rent is moderate for the region, but the county's exceptional $86,375 median income—second-highest in this set—produces a 10.2% affordability ratio that beats most peers. Strong earnings make moderate rents feel remarkably affordable.
Affluent households, manageable housing costs
Hanson County renters allocate $733 monthly while homeowners spend $923, both reasonable proportions of the $86,375 median income. At just 10.2% of income committed to rent, households enjoy substantial financial flexibility for savings, education, and quality-of-life investments.
Economic strength drives housing comfort
Hanson County combines strong regional incomes with reasonable housing costs, delivering genuine affordability and lifestyle quality. If you're seeking a county where housing doesn't constrain your budget, Hanson's economic vitality and affordability ratio make it an excellent choice.
Affordability Calculator
See how your income compares to housing costs in Hanson County
Rent Burden
10.2%
of gross income
Max Housing (28% Rule)
$2,015
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Hanson County
Median home value is $192,400. Estimated monthly cost: $1,536 vs. your max of $2,015.
Rent Affordability Guide
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.