Housing costs in Spencer?
A typical home costs
$237,200, which is 29.8% less expensive than the national average of
$338,100 and 11.5% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Spencer costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 9.6% cheaper than the state average of
$910.
Can I afford Spencer?
To live comfortably in Spencer, South Dakota, a minimum annual income of
$45,360 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Spencer?
The cost of living in Spencer, SD is relatively low. The median home value is around $125,000 and the median rent price is just over $600 a month. Groceries and other everyday purchases are also generally inexpensive. The cost of utilities such as electricity, water, and natural gas are also relatively low compared to other areas in the Midwest. Overall, Spencer provides an affordable option for those who are looking to move to a smaller town without sacrificing quality of life or amenities.