Cost of Living in Spink County, South Dakota

$691/mo
Median Monthly Rent
$117,400
Median Home Value
9% below state averageUnaffordable

At a Glance

Median Monthly Rent
$691/mo
9% below state average
Median Home Value
$117,400
58% below national
Rent-to-Income Ratio
17.0%
% 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 Spink County Compares

Median monthly rent comparison

Spink County$691/mo
South Dakota Average$756/mo
National Median$1,163/mo

Detailed Housing Stats

$691/mo
Median Gross Rent
$117,400
Median Home Value
$744/mo
Monthly Owner Cost
17.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Spink County, South Dakota

Spink County rents remain affordable

At 11.4%, Spink County's rent-to-income ratio sits below the national threshold where housing becomes a burden, and significantly better than the South Dakota state average of 13.8%. With median rent at $691 per month against a median household income of $73,011, renters here are spending less than comparable Americans on their largest regular expense.

Among South Dakota's most affordable

Spink County ranks favorably within South Dakota for housing affordability, with a rent-to-income ratio notably below the state average. The county's median rent of $691 is $65 lower than South Dakota's state median, making it one of the easier places to find budget-friendly housing across the state.

Spink's rents undercut the region

Compared to adjacent counties like Sully (where renters pay $913/month) and Stanley (where median rent reaches $896), Spink County offers some of the lowest rents in the region. This $200+ monthly savings advantage accumulates quickly for working families considering where to settle in central South Dakota.

Rent vs. ownership costs breakdown

Renters in Spink County spend roughly 11.4% of income on housing, while homeowners dedicate about 12.2% to monthly ownership costs ($744 against $73,011 median income). Both renting and buying remain accessible options for households earning near the county median.

Considering a move to South Dakota?

Spink County delivers solid affordability for remote workers and job seekers relocating to rural South Dakota, with rents well below both state and national benchmarks. If you're comparing housing costs across the region, Spink's combination of low rent and median home values around $117,400 makes it worth serious consideration.

Affordability Calculator

See how your income compares to housing costs in Spink County

$

Rent Burden

11.4%

of gross income

Max Housing (28% Rule)

$1,704

per month

Owner Cost Burden

12.2%

of gross income

You can likely afford the median home in Spink County

Median home value is $117,400. Estimated monthly cost: $937 vs. your max of $1,704.

Rent Affordability Guide

Your rent-to-income ratio11.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Spink County, South Dakota?
Spink County, South Dakota has a median monthly rent of $691/mo and a median home value of $117,400. The affordability rating is Unaffordable, with rent making up approximately 17.0% of median household income.
What is the median rent in Spink County?
The median gross rent in Spink County is $691/mo. This is 9% below state average for South Dakota.
Is Spink County affordable?
Spink County is rated Unaffordable based on rent-to-income ratio of 17.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Spink County's rent compare to the state average?
Spink County's median rent of $691/mo is 9% below state average of $756/mo for South Dakota.
What is the median home value in Spink County?
The median home value in Spink County, South Dakota is $117,400. This is 58% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Spink County, South Dakota? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Spink County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.