Cost of Living in Potter County, South Dakota

$869/mo
Median Monthly Rent
$121,300
Median Home Value
15% above state averageUnaffordable

At a Glance

Median Monthly Rent
$869/mo
15% above state average
Median Home Value
$121,300
57% 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 Potter County Compares

Median monthly rent comparison

Potter County$869/mo
South Dakota Average$756/mo
National Median$1,163/mo

Detailed Housing Stats

$869/mo
Median Gross Rent
$121,300
Median Home Value
$657/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Potter County, South Dakota

Potter offers reliable affordability below national

Potter County's rent-to-income ratio of 14.5% sits modestly above the national average but remains manageable given the county's rural character. With median household income of $71,726 and median rent of $869, residents maintain reasonable housing stability without extreme cost burden.

Slightly above state average on affordability

Potter County's 14.5% rent-to-income ratio edges above South Dakota's 13.8% state average, placing it in the middle tier of regional affordability. The median rent of $869 reflects a rural community with moderate cost growth but strong income relative to neighboring counties.

Potter prices higher than most rural peers

Potter County's $869 median rent exceeds Roberts ($656) and Sanborn ($717) but undercuts the urban centers Minnehaha ($954) and Pennington ($1,066). The county occupies a transition zone between affordable rural areas and pricier regional hubs.

Modest gap between rent and homeownership

Renters pay $869 monthly while homeowners average $657—a 24% discount reflecting affordable median home values of $121,300. Both tenure types remain comfortably affordable, with costs consuming around 12-15% of the $71,726 median household income.

Potter: rural stability with decent incomes

Potter County suits those seeking rural character without sacrificing income; the $71,726 median household income exceeds many neighboring counties while maintaining reasonable housing costs. Budget-conscious homebuyers especially should consider Potter's favorable ownership costs and accessible property values.

Affordability Calculator

See how your income compares to housing costs in Potter County

$

Rent Burden

14.5%

of gross income

Max Housing (28% Rule)

$1,674

per month

Owner Cost Burden

11.0%

of gross income

You can likely afford the median home in Potter County

Median home value is $121,300. Estimated monthly cost: $968 vs. your max of $1,674.

Rent Affordability Guide

Your rent-to-income ratio14.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Potter County, South Dakota?
Potter County, South Dakota has a median monthly rent of $869/mo and a median home value of $121,300. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Potter County?
The median gross rent in Potter County is $869/mo. This is 15% above state average for South Dakota.
Is Potter County affordable?
Potter 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 Potter County's rent compare to the state average?
Potter County's median rent of $869/mo is 15% above state average of $756/mo for South Dakota.
What is the median home value in Potter County?
The median home value in Potter County, South Dakota is $121,300. This is 57% 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.