Cost of Living in Watertown, SD
Housing
The housing market plays a significant role in determining the cost of living in Watertown, SD.
- Housing Index: 92 / 100
- Median Home Price is: $220,000
- Average Rent (2 BR Apartment): $1139 per month
- Average Rent (2 BR House): $1238 per month
When considering relocation to Watertown, SD, it's essential to evaluate the housing landscape. With a housing index of 92, the market appears moderately competitive. The median home price stands at 220000, which is fairly affordable compared to the national average. Additionally, average rent for a 2-bedroom apartment is 1139, while a 2-bedroom house averages 1238. Housing costs here are favorable, making Watertown an attractive option for both buyers and renters. However, always compare this against your salary potential and local amenities before deciding.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Watertown, 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 Watertown, 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 Watertown is a financially viable option for your relocation.