Cost of Living in Chancellor, SD
Housing
The housing market plays a significant role in determining the cost of living in Chancellor, SD.
- Housing Index: 92 / 100
- Median Home Price is: $178,000
- Average Rent (2 BR Apartment): $1139 per month
- Average Rent (2 BR House): $1238 per month
In Chancellor, SD, the housing market is currently quite affordable, highlighted by a median home price of 178000. Despite the housing index appearing as 0.0, this could indicate a need for further clarification or missing data. However, the lack of rental costs for both 2-bedroom apartments and houses suggests that renting may not be an option in this market, or the data might be incomplete. If homeownership is your goal, this may be an exceptional opportunity as prices can often grow in these types of markets, giving you long-term equity potential.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chancellor, SD.
- Electricity Price: $14.15 USD (median by state)
- Natural Gas Price: $10.63 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $238 per month
Living in Chancellor, SD could entail higher utility costs. Electricity costs sit at $14.15, while natural gas is priced at $10.63 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $238 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Chancellor is a financially viable option for your relocation.