Cost of Living in Perkins County, South Dakota

$703/mo

Median Monthly Rent

$105,900

Median Home Value

7% below state averageUnaffordable

At a Glance

Median Monthly Rent

$703/mo

7% below state average

Median Home Value

$105,900

62% below national

Rent-to-Income Ratio

24.0%

% 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 Perkins County Compares

Median monthly rent comparison

Perkins County$703/mo

South Dakota Average$756/mo

National Median$1,163/mo

Detailed Housing Stats

$703/mo

Median Gross Rent

$105,900

Median Home Value

$655/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Perkins County, South Dakota

Perkins offers comfortable affordable housing

Perkins County's rent-to-income ratio of 12.9% ranks slightly above the national average, providing reasonable affordability for a rural county. With median household income of $65,455 and median rent of $703, residents enjoy housing costs well within the recommended 30% threshold.

Middle-of-road affordability for South Dakota

Perkins County's 12.9% rent-to-income ratio sits just below the state average of 13.8%, making it a moderate option among South Dakota counties. The median rent of $703 falls between the most affordable rural counties and the expensive urban centers.

Perkins balances rural pricing with decent income

Perkins County's $703 median rent aligns closely with Roberts County ($656) and Sanborn County ($717), while median income of $65,455 exceeds both neighbors. This combination positions Perkins as a practical rural option for those seeking affordability without extreme isolation.

Ownership significantly cheaper than renting

Renters in Perkins pay $703 monthly, while homeowners average $655—making ownership the rare county where mortgages undercut rent. With median home values of just $105,900, first-time buyers find genuine affordability, consuming only 12% of the $65,455 median income for ownership costs.

Perkins: solid middle ground for value seekers

If you're comparing South Dakota options, Perkins County delivers balanced affordability with mid-range income and reasonable housing costs. Renters get decent value, but prospective homebuyers should take particular note: ownership is genuinely affordable here compared to renting.

Affordability Calculator

See how your income compares to housing costs in Perkins County

Your Annual Household Income

Rent Burden

12.9%

of gross income

Max Housing (28% Rule)

$1,527

per month

Owner Cost Burden

12.0%

of gross income

You can likely afford the median home in Perkins County

Median home value is $105,900. Estimated monthly cost: $845 vs. your max of $1,527.

Rent Affordability Guide

Your rent-to-income ratio12.9%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Perkins County, South Dakota?

Perkins County, South Dakota has a median monthly rent of $703/mo and a median home value of $105,900. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Perkins County?

The median gross rent in Perkins County is $703/mo. This is 7% below state average for South Dakota.

Is Perkins County affordable?

Perkins County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Perkins County's rent compare to the state average?

Perkins County's median rent of $703/mo is 7% below state average of $756/mo for South Dakota.

What is the median home value in Perkins County?

The median home value in Perkins County, South Dakota is $105,900. This is 62% below the national median home value of $281,900.