Spearfish 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.
IndexSpearfishSouth DakotaNational
Cost of living index9690100
IndexSpearfishSouth DakotaNational
Goods & Services index9295100
Groceries index10299100
Health care index99104100
Housing index9777100
Transportation index9394100
Utilities index9793100
The above illustration supplies generalized information for the Spearfish, SD cost of living index. Compared to other cities in South Dakota and cities across the country, the cost of living index in Spearfish, SD is 96, which is 6% higher than the South Dakota average and 4% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Spearfish, SD are 3% lower than the average for South Dakota and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Spearfish is 6% higher than the South Dakota average.
  • The cost of living in Spearfish is 4% lower than the national average.
  • The cost of housing in Spearfish is 3% 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 Spearfish, 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
The salary calculator allows you to compare how much your current salary in Spearfish, SD would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Spearfish, SD, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Spearfish, SD salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Spearfish, SD by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Spearfish, SD have a median income of $75,063. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,751 per month to avoid calamity and poverty. The renters in the city have an income of about $28,011, which would make their monthly maximum allowable rental costs $654.

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%
One thing to keep in mind when considering the cost of living in Spearfish, SD is the South Dakota sales tax and South Dakota income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The South Dakota sales tax rate is 4% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The South Dakota income tax rates range from 0% to 0%.

Goods & Services

ItemSpearfishNational avg.Difference
Haircut $15.75$16.092.1%
Beauty Salon $21.59$37.3342.2%
Toothpaste $2.32$2.455.1%
Shampoo $0.92$1.007.7%
Movie $8.75$10.2814.9%
Bowling $4.50$4.938.8%


ItemSpearfishNational avg.Difference
Ground Beef $3.37$3.8011.5%
Fried Chicken $1.53$1.409.3%
Milk $2.05$2.012.1%
Potatoes $2.84$3.015.6%
Pizza $8.33$9.8915.8%
Beer $9.62$8.908.1%

Health Care

ItemSpearfishNational avg.Difference
Optometrist $110.56$102.168.2%
Doctor $113.11$108.364.4%
Dentist $84.56$92.538.6%
Ibuprofen $10.35$9.2811.5%
Lipitor $407.90$425.824.2%


ItemSpearfishNational avg.Difference
Home Price $203,000.00$184,700.009.9%
Avg. Mortgage Payment $1,535.86$1,202.4427.7%
Apartment Rent $641.00$949.0032.5%


ItemSpearfishNational avg.Difference
Gasoline $2.29$2.242.1%
Tire Balancing $34.79$46.2924.8%


ItemSpearfishNational avg.Difference
All Electricity$135.44$165.9618.4%
Phone $32.99$28.6815.0%
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, StatePopulationCost of Living IndexNational Avg.
Beulah, WY10395-5%
St. Onge, SD3495-5%
Nisland, SD32577-23%
Fruitdale, SD5982-18%
Lead, SD3,05084-16%
Spearfish, SD11,17696-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spencer, IA11,17287-13%
Westwood, NJ11,17016262%
Oneida, NY11,18690-10%
Raymondville, TX11,16568-32%
Seymour, TN11,16486-14%
Spearfish, SD11,17696-4%
Source: The Spearfish, SD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.