| Index | Vermillion | South Dakota | National |
| Cost of living | 93 | 92 | 100 |
| Groceries | 96 | 99 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 86 | 77 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 91 | 103 | 100 |
| Lifestyle & Entertainment | 92 | 94 | 100 |
| Household Items | 96 | 96 | 100 |
| Education & Childcare | 96 | 98 | 100 |
Getting a feel for the cost of living in Vermillion is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Vermillion is 93, which is 7% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Vermillion closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Vermillion can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is Vermillion affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Vermillion, for instance, where the median home price falls 10.3% lower than the national average, and monthly rent rates are 23.4% lower than usual. Additionally, median income levels contribute to the equation, with Vermillion flaunting a median household income of $64,601, 20.6% lower than the national norm.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Vermillion comes in at 8.7% lower than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Vermillion starts at 4.5% and the income tax rates start at 0%.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Vermillion, the groceries index is 3.7% lower than the national average.
The cost of living data for Vermillion shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $122,006 | $10,167 | $2,847 | $3,661 |
| Renters | $42,542 | $3,545 | $993 | $1,276 |
| State | General Sales Tax | With Max Surtax |
| South Dakota | 4.5% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| South Dakota | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Richland, SD | 160 | 96 | 4.3% |
| Obert, NE | 23 | 96 | 4.3% |
| Maskell, NE | 53 | 75 | 24.6% |
| Gayville, SD | 382 | 82 | 17.5% |
| Newcastle, NE | 423 | 83 | 17.1% |
| Vermillion, SD | 11,210 | 93 | 7.3% |
| City | Population | Cost of Living Index | National Avg. |
| Damascus, OR | 11,210 | 144 | 43.8% |
| Totowa, NJ | 11,212 | 136 | 36.1% |
| Dobbs Ferry, NY | 11,212 | 174 | 74.3% |
| River Forest, IL | 11,215 | 152 | 51.7% |
| Sussex, WI | 11,204 | 112 | 11.5% |
| Vermillion, SD | 11,210 | 93 | 7.3% |
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