Cost of Living in Jerauld County, South Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Jerauld County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Jerauld County ranks #213 of 3,144 counties for affordability (top 7%)
Data Story
About Cost of Living in Jerauld County, South Dakota
Jerauld County offers exceptional affordability
Renters in Jerauld County spend just 9.0% of their income on housing—the lowest ratio in this cohort and well below South Dakota's 13.8% average. A $565 monthly rent paired with a $75,417 median income creates one of the state's most affordable rental markets.
South Dakota's most affordable rental county
With a 9.0% rent-to-income ratio, Jerauld County outperforms every other county in this analysis and ranks among the best in the entire state. This advantage reflects both moderate rents and strong household incomes that exceed the national median.
Cheapest rents in the region by far
Jerauld's $565 median rent significantly undercuts nearby Kingsbury ($725), Lake ($868), and Hyde ($921), making it the clear value leader across surrounding counties. The combination of low rents and strong incomes creates a uniquely favorable situation.
Renters keep 91 cents of every dollar
At just $565 monthly rent against a $75,417 income, Jerauld renters dedicate only 9.0% of earnings to housing. Homeowners pay slightly more at $730 monthly, but this remains one of the most affordable ownership situations in the region.
Jerauld is South Dakota's affordability sweet spot
If housing costs are a primary concern, Jerauld County delivers exceptional value with the state's lowest rent-to-income ratio and competitive home prices. The county combines modest housing expenses with strong median incomes, making it ideal for budget-conscious relocators.
Cost of Living Advisory: Jerauld County
Affordability Verdict
Jerauld County is affordable for renters, with a median gross rent of $565/month representing approximately 9.0% of median household income. The rent burden (GRAPI) stands at 18.0%.
Rent vs. Own
Renters in Jerauld County pay $565/month on average, compared to $730/month for homeowners. This market favors renters by about 23%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $22,600/year. For owner costs at the 28% rule, the required income is roughly $31,286/year. With a median household income of $75,417, most households can comfortably afford rent here. Notably, 18.0% of renter households in Jerauld County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Jerauld County sits 8% less expensive than Bennett County ($616/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Jerauld County
Rent Burden
9.0%
of gross income
Max Housing (28% Rule)
$1,760
per month
Owner Cost Burden
11.6%
of gross income
You can likely afford the median home in Jerauld County
Median home value is $127,000. Estimated monthly cost: $1,014 vs. your max of $1,760.
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 (2019-2023) — Informational only. Not financial or legal advice.
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