Cost of Living in Lyman 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 Lyman County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lyman County ranks #554 of 3,142 counties for affordability (top 18%)
Sourced county brief
Lyman County median gross rent percentage below South Dakota county mean
Lyman County’s official rentBurdenGrapiPct was estimated at 17.8%, which is 4.9 percentage points lower than the South Dakota unweighted county mean of 22.7%. This figure is the official ACS B25071 estimate for median gross rent as a percentage of household income. The median gross rent for the county was $651 per month, compared to the state unweighted county mean of $785. For homeowners, the median home value was $165,800, which is $15,221 below the state unweighted county mean of $181,021. Selected monthly owner costs for all owner-occupied units were $749, while the state unweighted county mean was $853. The median renter-household income in the county was reported at $37,708. These statistics provide a snapshot of housing costs for different tenure groups within the region based on data from the 2020-2024 American Community Survey. 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: Lyman County
Affordability Verdict
ACS B25071 estimates median gross rent at 17.8% of renter household income in Lyman 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 $651 per month; median selected monthly owner costs are $749. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $26,040 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. Lyman County's $651 median is 17.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lyman County
Rent Burden
11.6%
of gross income
Max Housing (28% Rule)
$1,567
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Lyman County
Median home value is $165,800. Estimated monthly cost: $1,324 vs. your max of $1,567.
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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