Cost of Living in Summerset, SD

A
6%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
25%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Summerset South Dakota National
Cost of living10689100
Goods & Services9894100
Groceries10097100
Health care9998100
Housing12577100
Transportation10397100
Utilities8988100
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Cost Of Living Quick Facts

  • The cost of living in Summerset is 19% higher than the South Dakota average
  • The cost of living in Summerset is 6% higher than the national average
  • Summerset housing is 25% higher than the national average
  • South Dakota general sales tax is 12% lower than the national average
  • South Dakota state income tax is 100% lower than the national average

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Compare Summerset, 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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$92,273$7,689$2,153$2,768
      Renters$76,250$6,354$1,779$2,288

      South Dakota Sales Tax

      State General Sales Tax With Max Surtax
      South Dakota 4.5% 6%

      South Dakota Income Tax

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

      Goods & Services

      Item Summerset National avg. Difference
      Haircut $28.63$24.2618.0%
      Beauty Salon $42.85$45.565.9%
      Toothpaste $3.46$3.706.5%
      Shampoo $1.22$1.284.3%
      Movie $11.69$12.133.6%
      Bowling $19.55$18.008.6%

      Groceries

      Item Summerset National avg. Difference
      Ground Beef $6.37$5.849.1%
      Fried Chicken $1.32$1.5715.8%
      Milk $4.71$4.670.9%
      Potatoes $4.42$4.9310.4%
      Pizza $11.60$12.094.0%
      Beer $9.34$10.4110.3%

      Health Care

      Item Summerset National avg. Difference
      Optometrist $135.93$125.688.2%
      Doctor $154.12$135.7813.5%
      Dentist $109.45$113.293.4%
      Ibuprofen $10.18$10.654.5%
      Lipitor $377.36$468.6019.5%

      Housing

      Item Summerset National avg. Difference
      Home Price $242,500.00$184,700.0031.3%
      Avg. Mortgage Payment $1,834.99$2,346.6921.8%
      Apartment Rent $1,061.00$949.0011.8%

      Transportation

      Item Summerset National avg. Difference
      Gasoline $3.65$3.465.5%
      Tire Balancing $58.31$59.922.7%

      Utilities

      Item Summerset National avg. Difference
      All Electricity $158.39$193.9918.4%
      Phone $194.38$192.251.1%
      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.
      Buffalo Chip, SD0982.4%
      Sturgis, SD6,914937.0%
      Ashland Heights, SD1,082945.6%
      Rapid Valley, SD8,553973.1%
      Green Valley, SD1,252981.6%
      Summerset, SD2,6071065.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Vergennes, VT2,60711010.3%
      Williams Bay, WI2,6071098.9%
      South Oroville, CA2,6061066.4%
      Lincoln, ME2,606936.9%
      Saint-Gabriel-de-Brandon, QC2,606n/a 
      Summerset, SD2,6071065.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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