Cost of Living in Tea, SD
Housing
The housing market plays a significant role in determining the cost of living in Tea, SD.
- Housing Index: 92 / 100
- Median Home Price is: $294,000
- Average Rent (2 BR Apartment): $1154 per month
- Average Rent (2 BR House): $1254 per month
Considering a move to Tea, SD? The 92 housing index is currently at a level that indicates potential for growth, particularly with the median home price standing at 294000. With no listed average rent figures for 2-bedroom apartments or houses, it's essential to explore local rental markets further. Generally, a lower housing index combined with stable home prices can suggest that it's a great time to invest in a home. Keep in mind, property values in growing areas often appreciate quickly, offering potential for a favorable return on investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tea, 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 Tea, 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 Tea is a financially viable option for your relocation.