Cost of Living in Wall, SD
Housing
The housing market plays a significant role in determining the cost of living in Wall, SD.
- Housing Index: 92 / 100
- Median Home Price is: $254,000
- Average Rent (2 BR Apartment): $1139 per month
- Average Rent (2 BR House): $1238 per month
Considering a move to Wall, SD? The housing index is a reasonable 85.0, indicating a balanced market. The median home price stands at a compelling 254000, making homeownership an attractive option compared to the average rent for a 2-bedroom apartment at 1139 and a house at 1238. This suggests potential savings through purchasing rather than renting, particularly given the sizable disparity in ownership versus rental costs. Additionally, historically low interest rates and favorable market conditions earlier this year reinforce the advantages of investing in property in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wall, 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 Wall, 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 Wall is a financially viable option for your relocation.