Cost of Living in Martin, SD
Housing
The housing market plays a significant role in determining the cost of living in Martin, SD.
- Housing Index: Data is updating
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering your options in Martin, SD, the current housing index shows a promising opportunity for potential homebuyers with a median home price of 100000. However, with an absent index for rentals and average rent prices for a 2-bedroom apartment and house set at zero, it's critical to thoroughly investigate housing demand, rental market conditions, and overall economic factors before making a commitment. Accessibility to local amenities, schools, and job markets can also influence your decision. Remember, a price is just the starting point—consider what suits your lifestyle best.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Martin, 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.): Data is updating
Living in Martin, 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 data unavailable 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 Martin is a financially viable option for your relocation.