Tea 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.
IndexTeaSouth DakotaNational
Cost of living index9789100
IndexTeaSouth DakotaNational
Goods & Services index10495100
Groceries index105105100
Health care index11193100
Housing index9175100
Transportation index9891100
Utilities index7687100
A general overview of the cost of living index for Tea, SD is displayed above. In Tea, SD, the overall cost of living index is 97, which is 9% higher than the South Dakota average and 3% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Tea, SD, the city's goods and services are 10% higher than the South Dakota average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in Tea is 9% higher than the South Dakota average.
  • The cost of living in Tea is 3% lower than the national average.
  • The cost of housing in Tea is 9% 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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Compare Tea, SD Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Tea, SD to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Tea, SD, you have to earn a higher income in order to still have the same standard of living. To operate the Tea, SD salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$82,024$6,835$1,914$2,461
Renters$28,801$2,400$672$864
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Tea, SD, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Tea, SD homeowners have a median income of $82,024. Using that number, you will come up with a maximum of $1,914 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $28,801, which means there is a maximum of $672 to be spent on the costs of renting a home or apartment.

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%
When assessing the complete cost of living in Tea, SD, the South Dakota income tax and the South Dakota sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The South Dakota maximum surtax is 6%, and the South Dakota sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in South Dakota.

Goods & Services

ItemTeaNational avg.Difference
Haircut $18.25$14.5925.1%
Beauty Salon $25.50$34.6826.5%
Toothpaste $1.79$2.4727.6%
Shampoo $0.92$1.0210.0%
Movie $9.25$9.876.3%
Bowling $3.50$4.3920.3%

Groceries

ItemTeaNational avg.Difference
Ground Beef $4.88$4.489.0%
Fried Chicken $2.09$1.4642.8%
Milk $2.29$2.362.8%
Potatoes $2.79$3.068.9%
Pizza $12.00$9.2429.8%
Beer $7.76$8.6310.1%

Health Care

ItemTeaNational avg.Difference
Optometrist $76.81$99.7823.0%
Doctor $160.37$105.0352.7%
Dentist $92.75$88.704.6%
Ibuprofen $8.15$9.4113.4%
Lipitor $266.68$298.5010.7%

Housing

ItemTeaNational avg.Difference
Home Price $166,500.00$175,700.005.2%
Avg. Mortgage Payment $929.86$1,081.0314.0%
Apartment Rent $747.00$920.0018.8%

Transportation

ItemTeaNational avg.Difference
Gasoline $1.98$2.095.4%
Tire Balancing $48.00$45.296.0%

Utilities

ItemTeaNational avg.Difference
All Electricity$148.78$170.8012.9%
Phone $17.01$28.2639.8%
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.
Davis, SD6078-22%
Hurley, SD36980-20%
Chancellor, SD30581-19%
Parker, SD1,13886-14%
Canton, SD3,21889-11%
Tea, SD4,22697-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Whiteland, IN4,22690-10%
Marshfield, MA4,22714343%
Burnham, IL4,22597-3%
Franklin Center, NJ4,22714040%
Hazlehurst, GA4,22584-16%
Tea, SD4,22697-3%
Source: The Tea, SD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.