Cost of Living in Tripp County, South Dakota

$809/mo
Median Monthly Rent
$137,100
Median Home Value

At a Glance

Median Monthly Rent
$809/mo
7% above state average
Median Home Value
$137,100
51% below national
Rent-to-Income Ratio
37.0%
% 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 Tripp County Compares

Median monthly rent comparison

Tripp County$809/mo
South Dakota Average$756/mo
National Median$1,163/mo

Detailed Housing Stats

$809/mo
Median Gross Rent
$137,100
Median Home Value
$730/mo
Monthly Owner Cost
37.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Tripp County ranks #1,533 of 3,144 counties for affordability (top 49%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Tripp County, South Dakota

Tripp County rents strain tight budgets

At 16.5%, Tripp County's rent-to-income ratio exceeds the South Dakota state average of 13.8% by nearly 3 percentage points, signaling housing affordability challenges. With median household income at $58,854 and median rent at $809, renters here spend disproportionately on housing relative to earnings.

Below-average affordability in South Dakota

Tripp County ranks among South Dakota's less affordable counties for renters, with a rent-to-income ratio well above the state average. The median rent of $809 is only modestly below the state median of $756, yet household incomes lag significantly behind the state average.

Tripp's rents burden lower incomes

Tripp County's median rent of $809 falls between Sully County ($913) and Spink County ($691), but Tripp's median household income of $58,854 is notably lower than both neighbors. This income disadvantage makes Tripp's housing costs feel more burdensome despite moderate rent levels.

Rent and ownership costs compared

Renters spend 16.5% of income on housing, while homeowners allocate roughly 14.9% to monthly ownership costs ($730 against $58,854 income). Both renting and buying stretch household budgets more tightly in Tripp County than in higher-income surrounding areas.

Tripp County for job-seekers with offers

Relocators should approach Tripp County carefully, as moderate rents combine with below-average incomes to create affordability pressure. If considering a move, secure employment with wages above the county median of $58,854 to ensure housing remains manageable.

Cost of Living Advisory: Tripp County

Affordability Verdict

Housing in Tripp County is affordable. The median rent is $809/month against a median household income of $58,854, putting rent at 16.5% of income.

Rent vs. Own

Renters in Tripp County pay $809/month on average, compared to $730/month for homeowners. This market favors buyers by about 10%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,360/year. For owner costs at the 28% rule, the required income is roughly $31,286/year. With a median household income of $58,854, most households can comfortably afford rent here. Notably, 37.0% of renter households in Tripp County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within South Dakota, Tripp County is less affordable than Douglas County by roughly 6% ($809/mo vs $864/mo).

Affordability Calculator

See how your income compares to housing costs in Tripp County

$

Rent Burden

16.5%

of gross income

Max Housing (28% Rule)

$1,373

per month

Owner Cost Burden

14.9%

of gross income

You can likely afford the median home in Tripp County

Median home value is $137,100. Estimated monthly cost: $1,095 vs. your max of $1,373.

Rent Affordability Guide

Your rent-to-income ratio16.5%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,854Needed: $32,360
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,854Needed: $31,286
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,854Needed: $31,907

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 Tripp County, South Dakota?
Tripp County, South Dakota has a median monthly rent of $809/mo and a median home value of $137,100. The affordability rating is Unaffordable, with rent making up approximately 37.0% of median household income.
What is the median rent in Tripp County?
The median gross rent in Tripp County is $809/mo. This is 7% above state average for South Dakota.
Is Tripp County affordable?
Tripp County is rated Unaffordable based on rent-to-income ratio of 37.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Tripp County's rent compare to the state average?
Tripp County's median rent of $809/mo is 7% above state average of $756/mo for South Dakota.
What is the median home value in Tripp County?
The median home value in Tripp County, South Dakota is $137,100. This is 51% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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

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