Cost of Living in Lawrence 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 Lawrence County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lawrence County ranks #2,125 of 3,142 counties for affordability (bottom 32%)
Sourced county brief
Lawrence County Median Home Value Estimated at $346,500
The median home value in Lawrence County was estimated at $346,500 according to the U.S. Census Bureau ACS 2020-2024 5-Year Estimates. This figure is $165,479 above the South Dakota unweighted county mean of $181,021. For renter-occupied units, the median gross rent reached $938 per month, which is $153 higher than the state unweighted county mean of $785. The official median gross rent as a percentage of household income (GRAPI), provided in ACS table B25071, is 25.9%. This percentage is 3.2 percentage points higher than the state unweighted county mean official GRAPI of 22.7%. Among homeowners, the median selected monthly owner costs for all owner-occupied units were $1,052, exceeding the state unweighted county mean of $853. The median income for renter households in the county was reported at $45,875. These statistics represent a five-year snapshot of housing costs and income within the county. 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: Lawrence County
Affordability Verdict
ACS B25071 estimates median gross rent at 25.9% of renter household income in Lawrence 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 $938 per month; median selected monthly owner costs are $1,052. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,520 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. Lawrence County's $938 median is 19.5% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lawrence County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$1,712
per month
Owner Cost Burden
17.2%
of gross income
The median home in Lawrence County may be a stretch
Median home value is $346,500. Estimated monthly cost: $2,766 vs. your max of $1,712.
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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