Quick facts: Webster, SD

Quick Facts

98.4
Cost of Living
below US average
1,714
Population
5.83
Crime Rate per 1000
below US average
$50,500
Median Income
below US average
$185,300
Median House Price
above US average
$717.5
Average Rent
below US average
9%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,500.

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Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,300 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $50,500
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Income Needed to Rent

βœ“ Affordable
$31k/year
Based on $717.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,500) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Webster, SD

Webster is a small city located in Day County, South Dakota, with a population of around 1,500 residents. Situated in the northeastern part of the state, Webster serves as the county seat and is known for its charming rural atmosphere and community-oriented lifestyle. The city is surrounded by beautiful natural landscapes, including lakes and rolling hills, making it an excellent destination for outdoor enthusiasts. Webster is particularly famous for its proximity to Lake Kampeska and the Minnesota border, offering numerous recreational activities such as fishing, boating, and hiking. The local economy is primarily driven by agriculture, retail, and services, with several small businesses contributing to its vibrancy. Community events, including the annual Webster Rodeo and various festivals throughout the year, foster a strong sense of community spirit. The city's friendly atmosphere, along with its historical sites and access to outdoor adventures, makes Webster an appealing place to live or visit, especially for those looking to experience small-town charm in South Dakota.

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