Cost of Living in Elk Point, SD

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A+
9%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
20%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Elk Point South Dakota National
Cost of living9192100
Groceries9699100
Health care9897100
Housing8077100
Transportation9896100
Utilities91103100
Lifestyle & Entertainment9294100
Household Items9696100
Education & Childcare9698100
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Homes For Sale In Elk Point, SD

property for sale

309 S Franklin St

Elk Point, SD
property for sale

407 E Washington St

Elk Point, SD
property for sale

31992 SD Highway 11

Elk Point, SD
property for sale

1806 Arnold Palmer Ln

Elk Point, SD

Cost Of Living Quick Facts

  • The cost of living in Elk Point is equal to the South Dakota average
  • The cost of living in Elk Point is 9% lower than the national average
  • Elk Point housing is 20% lower than the national average
  • South Dakota general sales tax is 12% lower than the national average
  • South Dakota state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Elk Point

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$120,116$10,010$2,803$3,604
      Renters$28,454$2,371$664$854

      South Dakota Sales Tax

      State General Sales Tax With Max Surtax
      South Dakota 4.5% 6%

      South Dakota Income Tax

      State Income Tax (Low) Income Tax (High)
      South Dakota 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Richland, SD160964.3%
      Martinsburg, NE718119.2%
      Westfield, IA1228217.9%
      Newcastle, NE4238317.1%
      Ponca, NE9788416.5%
      Elk Point, SD2,155918.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pawling, NY2,15511716.6%
      Chester, CA2,15411211.5%
      Aristocrat Ranchettes, CO2,15412121.4%
      Frankton, IN2,1548416.4%
      Rising Sun, IN2,1548415.7%
      Elk Point, SD2,155918.9%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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