Quick facts: Aberdeen, SD

Quick Facts

98.4
Cost of Living
below US average
28,210
Population
19.28
Crime Rate per 1000
below US average
$62,684
Median Income
below US average
$199,900
Median House Price
above US average
$1012.29
Average Rent
below US average
10%
Poverty Rate
below US average
2.2%
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 $62,684.

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Income Needed to Buy

βœ— Stretch
$63k/year
Based on $199,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $63k vs median $62,684
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Income Needed to Rent

βœ“ Affordable
$43k/year
Based on $1012.29/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($62,684) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Aberdeen, SD

Aberdeen, South Dakota, is a charming city located in the northeastern part of the state, known for its friendly community and vibrant culture. With a population of approximately 28,000, it serves as a regional hub for education, healthcare, and commerce. Aberdeen is home to several institutions, including Northern State University and Presentation College, which contribute to its youthful atmosphere. The city offers a variety of parks, recreational facilities, and outdoor activities, especially around the scenic Sand Lake National Wildlife Refuge nearby. Culturally, Aberdeen boasts institutions like the Museum of Dakota Style and the Aberdeen Community Theatre, which host events throughout the year. The city is also known for its historical significance, particularly in relation to the Native American heritage and its railroad history. Economically, Aberdeen has a diverse base, with agriculture, healthcare, and retail playing significant roles. The annual Brown County Fair is a highlight, attracting visitors with its carnival rides, exhibits, and entertainment. Overall, Aberdeen combines a small-town feel with essential amenities and a rich cultural landscape.

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