Cost of Living in Aberdeen, SD

Housing

The housing market plays a significant role in determining the cost of living in Aberdeen, SD.

• Housing Index: 90.0 / 100
• Median Home Price is: $207000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

Considering the data for Aberdeen, SD, the housing market appears to be quite affordable with a housing index of 90.0. The median home price is approximately 207000, which is generally lower than many urban centers,making homeownership accessible. Additionally, average rent for a 2-bedroom apartment stands at 1200, while renting a 2-bedroom house is slightly higher at 1360. Overall, this city presents a favorable opportunity for potential homeowners and renters alike, especially given the favorable comparison with national averages.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Aberdeen, 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.): $150 per month

Living in Aberdeen, 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 150 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $62684

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Aberdeen, SD, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.