Cost of Living in Spink 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 Spink County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Spink County ranks #741 of 3,142 counties for affordability (top 24%)
Sourced county brief
Spink County Official Median Rent Burden Is 19.5 Percent
The official median gross rent as a percentage of household income (GRAPI) in Spink County is 19.5 percent. This figure is 3.2 percentage points below the South Dakota unweighted county mean of 22.7 percent. The median gross rent for the county was estimated at $734 per month, while the median renter-household income was recorded at $55,142. For residents in owner-occupied housing units, the median selected monthly owner costs were $748. This value is below the state unweighted county mean for owner costs of $853. Additionally, the median home value in the county is $123,300, which differs from the South Dakota unweighted county mean home value of $181,021. These statistics are based on the American Community Survey 5-Year Estimates. All housing cost metrics provided represent the 2020-2024 reporting period as snapshots of the local economy. See ACS table B25071 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: Spink County
Affordability Verdict
ACS B25071 estimates median gross rent at 19.5% of renter household income in Spink 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 $734 per month; median selected monthly owner costs are $748. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $29,360 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. Spink County's $734 median is 6.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Spink County
Rent Burden
12.6%
of gross income
Max Housing (28% Rule)
$1,637
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Spink County
Median home value is $123,300. Estimated monthly cost: $984 vs. your max of $1,637.
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
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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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