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)
How Lyman County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Lyman County, South Dakota
Rural affordability shines nationally
Lyman County's 11.8% rent-to-income ratio beats the national standard by 2+ percentage points, making it genuinely affordable by American standards. With median rent of just $603 monthly and household income of $61,169, renters here dedicate one of the smallest shares of earnings to housing in this eight-county cohort.
Best affordability in South Dakota peer group
At 11.8%, Lyman County ranks below the state average of 13.8% and represents some of the strongest housing affordability in South Dakota. Median rent of $603 sits well below the state average of $756, positioning Lyman as a budget-friendly option for cost-conscious residents.
Undercuts most surrounding counties
Lyman County's $603 rent undercuts Marshall County ($743), McCook County ($750), and even McPherson County ($580) by a narrow margin. Among the eight-county comparison, only Miner County ($563) and McPherson County rival Lyman's affordability, creating a trio of genuine bargain markets.
Rent and homeownership remain balanced
Renters spend $603 monthly while homeowners face $633 in costs, both remarkably low against Lyman's $61,169 median household income. Housing claims just under 12% of gross income either way—comfortably below the 30% affordability threshold, leaving more room in household budgets.
Budget-friendly South Dakota living awaits
If affordability is your priority, Lyman County offers some of South Dakota's lowest housing costs paired with solid homeownership options at $156,500 median value. Remote workers or retirees on modest incomes will find genuine breathing room here compared to national or even state averages.
Affordability Calculator
See how your income compares to housing costs in Lyman County
Rent Burden
11.8%
of gross income
Max Housing (28% Rule)
$1,427
per month
Owner Cost Burden
12.4%
of gross income
You can likely afford the median home in Lyman County
Median home value is $156,500. Estimated monthly cost: $1,249 vs. your max of $1,427.
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.