Platte, South Dakota Cost Of Living

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Overall 16%

Goods & Services 5%

Housing 42%

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.
Index	Platte	South Dakota	National
Cost of living	84	88	100
Goods & Services	95	93	100
Groceries	102	95	100
Health care	97	100	100
Housing	58	77	100
Transportation	90	89	100
Utilities	92	92	100

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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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 Income	Per Year	Per Month	Max 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

State	General Sales Tax	With Max Surtax
South Dakota	4%	6%

South Dakota Income Tax

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

Goods & Services

Item	Platte	National avg.	Difference
Haircut	$15.83	$20.27	21.9%
Beauty Salon	$25.86	$40.39	36.0%
Toothpaste	$2.06	$2.36	12.7%
Shampoo	$1.06	$1.08	1.2%
Movie	$9.00	$10.99	18.1%
Bowling	$12.17	$15.49	21.5%

Groceries

Item	Platte	National avg.	Difference
Ground Beef	$4.46	$4.30	3.9%
Fried Chicken	$1.45	$1.40	3.4%
Milk	$2.01	$2.20	8.8%
Potatoes	$2.35	$3.22	27.1%
Pizza	$10.57	$10.74	1.6%
Beer	$9.94	$9.60	3.6%

Health Care

Item	Platte	National avg.	Difference
Optometrist	$172.51	$109.73	57.2%
Doctor	$118.50	$118.34	0.1%
Dentist	$74.00	$100.94	26.7%
Ibuprofen	$10.16	$9.93	2.3%
Lipitor	$475.56	$469.53	1.3%

Housing

Item	Platte	National avg.	Difference
Home Price	$109,700.00	$184,700.00	40.6%
Avg. Mortgage Payment	$1,646.47	$1,229.62	33.9%
Apartment Rent	$510.00	$949.00	46.3%

Transportation

Item	Platte	National avg.	Difference
Gasoline	$2.62	$2.71	3.4%
Tire Balancing	$40.44	$51.86	22.0%

Utilities

Item	Platte	National avg.	Difference
All Electricity	$143.76	$170.84	15.9%
Phone	$190.98	$187.18	2.0%

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

City	Population	Cost of Living Index	National Avg.
Bijou Hills, SD	0	95	5.0%
New Holland, SD	31	91	9.0%
Aurora Center, SD	53	70	30.4%
Geddes, SD	220	73	27.3%
Platte, SD	1,531	84	16.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Del Rey, CA	1,531	104	3.8%
Cuba, NY	1,531	79	21.0%
Dresden, OH	1,531	81	18.7%
Albion, PA	1,531	85	15.4%
Home, WA	1,531	116	16.5%
Platte, SD	1,531	84	16.2%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.