Cost of Living in McPherson 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 McPherson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
McPherson County ranks #169 of 3,142 counties for affordability (top 5%)
Sourced county brief
McPherson County median home value below state unweighted county mean
McPherson County’s median home value was estimated at $85,600, which is $95,421 lower than the South Dakota unweighted county mean of $181,021. The official rentBurdenGrapiPct, representing the median gross rent as a percentage of household income (ACS B25071), was 18.9%. This percentage is 3.8 percentage points lower than the state unweighted county mean of 22.7%. Median gross rent in the county was $594 per month, while the state unweighted county mean was $785. For homeowners, median selected monthly owner costs were $603, compared to a state unweighted county mean of $853. The median renter-household income was recorded at $58,125. These data points provide a statistical overview of local housing costs as captured in the 2020-2024 American Community Survey. See ACS table B25077 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: McPherson County
Affordability Verdict
ACS B25071 estimates median gross rent at 18.9% of renter household income in McPherson 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 $594 per month; median selected monthly owner costs are $603. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $23,760 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. McPherson County's $594 median is 24.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in McPherson County
Rent Burden
10.7%
of gross income
Max Housing (28% Rule)
$1,561
per month
Owner Cost Burden
10.8%
of gross income
You can likely afford the median home in McPherson County
Median home value is $85,600. Estimated monthly cost: $683 vs. your max of $1,561.
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
What is the cost of living in McPherson County, South Dakota?
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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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