A
Overall 16%
Goods & Services 5%
Housing 42%
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexPlatteSouth DakotaNational
Cost of living8488100
Goods & Services9593100
Groceries10295100
Health care97100100
Housing5877100
Transportation9089100
Utilities9292100

Key findings

  • The cost of living in Platte is 5% lower than the South Dakota average
  • The cost of living in Platte is 16% lower than the national average
  • Platte housing is 42% 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 Platte, SD Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$63,500$5,292$1,482$1,905
      Renters$28,182$2,349$658$846

      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

      ItemPlatteNational avg.Difference
      Haircut $15.83$20.2721.9%
      Beauty Salon $25.86$40.3936.0%
      Toothpaste $2.06$2.3612.7%
      Shampoo $1.06$1.081.2%
      Movie $9.00$10.9918.1%
      Bowling $12.17$15.4921.5%

      Groceries

      ItemPlatteNational avg.Difference
      Ground Beef $4.46$4.303.9%
      Fried Chicken $1.45$1.403.4%
      Milk $2.01$2.208.8%
      Potatoes $2.35$3.2227.1%
      Pizza $10.57$10.741.6%
      Beer $9.94$9.603.6%

      Health Care

      ItemPlatteNational avg.Difference
      Optometrist $172.51$109.7357.2%
      Doctor $118.50$118.340.1%
      Dentist $74.00$100.9426.7%
      Ibuprofen $10.16$9.932.3%
      Lipitor $475.56$469.531.3%

      Housing

      ItemPlatteNational avg.Difference
      Home Price $109,700.00$184,700.0040.6%
      Avg. Mortgage Payment $1,646.47$1,229.6233.9%
      Apartment Rent $510.00$949.0046.3%

      Transportation

      ItemPlatteNational avg.Difference
      Gasoline $2.62$2.713.4%
      Tire Balancing $40.44$51.8622.0%

      Utilities

      ItemPlatteNational avg.Difference
      All Electricity$143.76$170.8415.9%
      Phone $190.98$187.182.0%
      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

      CityPopulationCost of Living IndexNational Avg.
      Bijou Hills, SD0955.0%
      New Holland, SD31919.0%
      Aurora Center, SD537030.4%
      Geddes, SD2207327.3%
      Platte, SD1,5318416.2%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Del Rey, CA1,5311043.8%
      Cuba, NY1,5317921.0%
      Dresden, OH1,5318118.7%
      Albion, PA1,5318515.4%
      Home, WA1,53111616.5%
      Platte, SD1,5318416.2%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.