Cost of Living in Marshall County, South Dakota

$743/mo
Median Monthly Rent
$147,200
Median Home Value
2% below state averageUnaffordable

At a Glance

Median Monthly Rent
$743/mo
2% below state average
Median Home Value
$147,200
48% below national
Rent-to-Income Ratio
18.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Marshall County Compares

Median monthly rent comparison

Marshall County$743/mo
South Dakota Average$756/mo
National Median$1,163/mo

Detailed Housing Stats

$743/mo
Median Gross Rent
$147,200
Median Home Value
$730/mo
Monthly Owner Cost
18.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Marshall County, South Dakota

Marshall County beats national affordability

Marshall County's 12.3% rent-to-income ratio falls comfortably below the national affordability threshold, offering genuine housing relief compared to most American counties. Against a national median household income of $74,755, Marshall's $72,500 income is nearly identical, yet renters dedicate less to housing than the national norm.

South Dakota's middle-ground housing market

Marshall County's 12.3% rent-to-income ratio sits slightly below South Dakota's state average of 13.8%, placing it in the affordability sweet spot. With median rent of $743—just below the state average of $756—Marshall offers stability without the premium costs found in Lincoln or Meade counties.

Affordable option amid varied peers

Marshall County's $743 rent positions it midway between budget markets like Lyman ($603) and pricier Lincoln County ($1,237), making it accessible while maintaining rural character. Its 12.3% rent burden beats McCook County (11.1%) slightly but offers more social amenities typical of county-seat communities.

Rent and homeownership costs align

Renters pay $743 monthly while homeowners spend $730 against a $72,500 household income—a rare case where ownership costs less than renting. Housing claims roughly 12% of gross income either way, leaving room for savings and other expenses.

Balanced affordability for families

Marshall County appeals to families seeking affordable ownership with a $147,200 median home price and rental options around $743. Its position as a middle-ground option—not the cheapest, but well below premium markets—makes it ideal for those prioritizing stability over bargain hunting.

Affordability Calculator

See how your income compares to housing costs in Marshall County

$

Rent Burden

12.3%

of gross income

Max Housing (28% Rule)

$1,692

per month

Owner Cost Burden

12.1%

of gross income

You can likely afford the median home in Marshall County

Median home value is $147,200. Estimated monthly cost: $1,175 vs. your max of $1,692.

Rent Affordability Guide

Your rent-to-income ratio12.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Marshall County, South Dakota?
Marshall County, South Dakota has a median monthly rent of $743/mo and a median home value of $147,200. The affordability rating is Unaffordable, with rent making up approximately 18.0% of median household income.
What is the median rent in Marshall County?
The median gross rent in Marshall County is $743/mo. This is 2% below state average for South Dakota.
Is Marshall County affordable?
Marshall County is rated Unaffordable based on rent-to-income ratio of 18.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Marshall County's rent compare to the state average?
Marshall County's median rent of $743/mo is 2% below state average of $756/mo for South Dakota.
What is the median home value in Marshall County?
The median home value in Marshall County, South Dakota is $147,200. This is 48% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.