Cost of Living in Brookings, SD
Housing
The housing market plays a significant role in determining the cost of living in Brookings, SD.
- Housing Index: 90.0 / 100
- Median Home Price is: $290000
- Average Rent (2 BR Apartment): $950 per month
- Average Rent (2 BR House): $960 per month
When considering a move to Brookings, SD, the housing index of 90.0 suggests a moderately affordable market. The median home price stands at 290000, potentially making homeownership accessible for many. Additionally, average rents for a 2-bedroom apartment are around 950, while a 2-bedroom house averages 960. This indicates the rental market is competitive. For newcomers, it's worth noting that once the cost of living aligns with these housing figures, overall satisfaction seems to thrive in cities with balanced living expenses. Analyzing your personal finances fully could guide your decision towards either a rental or purchasing a home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Brookings, 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.): $250 per month
Living in Brookings, 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 250 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 Brookings is a financially viable option for your relocation.