Cost of Living in Parker, SD
Housing
The housing market plays a significant role in determining the cost of living in Parker, SD.
- Housing Index: 85.0 / 100
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to Parker, SD? With a housing index of 85.0, which indicates affordability, and a median home price of 185000, it's crucial to weigh your options carefully. Renting a 2-bedroom apartment averages around 1200, while a house rental is slightly higher at 1360. These figures suggest that purchasing property might be a smart long-term investment compared to renting. Keep in mind, the cost of living can fluctuate based on local amenities and job opportunities, impacting your overall experience, so assess your priorities before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Parker, 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 Parker, 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 Parker is a financially viable option for your relocation.