Lake Preston cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLake PrestonSouth DakotaNational
Cost of living index8089100
IndexLake PrestonSouth DakotaNational
Goods & Services index9595100
Groceries index105105100
Health care index9393100
Housing index4575100
Transportation index9191100
Utilities index8787100

Did you know?

  • The cost of living in Lake Preston is 10% lower than the South Dakota average.
  • The cost of living in Lake Preston is 20% lower than the national average.
  • The cost of housing in Lake Preston is 55% lower than the national average.
  • South Dakota general sales tax is 21% lower than the national average.
  • South Dakota state income tax is 100% lower than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,139$5,012$1,403$1,804
Renters$25,125$2,094$586$754

South Dakota Sales Tax

StateGeneral Sales TaxWith Max Surtax
South Dakota4%6%

South Dakota Income Tax

StateIncome Tax (Low)Income Tax (High)
South Dakota0%0%

Goods & Services

ItemLake PrestonNational avg.Difference
Haircut $14.08$14.593.5%
Beauty Salon $25.78$34.6825.7%
Toothpaste $2.46$2.470.5%
Shampoo $1.19$1.0216.4%
Movie $8.50$9.8713.9%
Bowling $4.50$4.392.5%

Groceries

ItemLake PrestonNational avg.Difference
Ground Beef $4.14$4.487.5%
Fried Chicken $1.70$1.4616.1%
Milk $2.43$2.363.1%
Potatoes $2.83$3.067.6%
Pizza $8.00$9.2413.4%
Beer $9.21$8.636.7%

Health Care

ItemLake PrestonNational avg.Difference
Optometrist $108.00$99.788.2%
Doctor $100.50$105.034.3%
Dentist $72.80$88.7017.9%
Ibuprofen $9.40$9.410.1%
Lipitor $302.33$298.501.3%

Housing

ItemLake PrestonNational avg.Difference
Home Price $72,800.00$175,700.0058.6%
Avg. Mortgage Payment $1,425.16$1,081.0331.8%
Apartment Rent $492.00$920.0046.5%

Transportation

ItemLake PrestonNational avg.Difference
Gasoline $1.98$2.095.3%
Tire Balancing $35.79$45.2921.0%

Utilities

ItemLake PrestonNational avg.Difference
All Electricity$131.53$170.8023.0%
Phone $28.50$28.260.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Erwin, SD6072-28%
Oldham, SD13574-26%
Hetland, SD3675-25%
Badger, SD7077-23%
De Smet, SD1,22380-20%
Lake Preston, SD66280-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Charles, IA66286-14%
Bouse, AZ66287-13%
Sharon, CT66212222%
Cobb Island, MD66211313%
Beaver City, NE66276-24%
Lake Preston, SD66280-20%
Source: The Lake Preston, SD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.