Cost of Living in Faith, SD
Housing
The housing market plays a significant role in determining the cost of living in Faith, SD.
- Housing Index: 92 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1139 per month
- Average Rent (2 BR House): $1238 per month
In analyzing housing data for Faith, SD, we notice a median home price of 150000, which suggests entry-level affordability for potential homeowners. However, with a housing index of 92, typical rental options likely remain non-existent, as both the average rent for a 2-bedroom apartment and house are reported at 1139 and 1238 respectively. This disparity might indicate a surplus of for-sale properties in the market or a transitional phase in rental availability. Those considering moving may want to explore nearby regions to weigh alternative housing options or examine prospective job opportunities to foster housing demand.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Faith, 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 Faith, 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 Faith is a financially viable option for your relocation.