Counties › South Dakota

Cost of Living in Clay County, SD

Population 15,219 · Census ACS 2020–2024 5-year estimates

Median rent$770
Median home value$232,300
Median household income$56,850

The median rent in Clay County, SD is $770/month, 19% lower than the South Dakota median and 46% lower than the U.S. median. The median home value is $232,300, 30% lower than the national median. Households earn a median of $56,850 a year, 24% lower than the state median.

Affordability

Rent as a share of median income: 16.3%
Income needed for median rent (30% rule): $30,800/yr
Home price-to-income ratio: 4.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,175/mo

Run your own numbers: mortgage calculator · hourly to salary

Clay County vs. South Dakota vs. U.S.

Clay CountySouth DakotaU.S.
Median rent$770$946$1,413
Median home value$232,300$257,400$332,700
Median household income$56,850$75,081$80,734
Homeownership rate50.8%68.6%65.2%
Bachelor's degree or higher45.4%31.9%35.7%
Poverty rate19.7%11.9%12.5%
Unemployment rate7.0%2.9%5.2%
Work from home6.6%9.7%15.1%
Median age24.938.038.9

FAQ

What is the average rent in Clay County, SD?

The median gross rent in Clay County, SD is $770 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Clay County, SD?

Using the common 30% rule, renting a median-priced home takes about $30,800 a year in gross income.

Is Clay County, SD expensive to live in?

Rent there is 46% lower than the U.S. median, and the median home costs about 4.1 times the median household income.

Other counties in South Dakota

Minnehaha County, SDRent $978 · Income $76,880Pennington County, SDRent $1,120 · Income $74,517Lincoln County, SDRent $1,260 · Income $99,166Brown County, SDRent $777 · Income $70,898Brookings County, SDRent $901 · Income $70,064Meade County, SDRent $1,264 · Income $74,790

Counties with a similar cost of living

Jackson County, OHRent $769 · Income $57,106Miller County, MORent $763 · Income $56,736Alleghany County, VARent $765 · Income $56,188Coles County, ILRent $780 · Income $56,478Aroostook County, MERent $784 · Income $56,700Hawkins County, TNRent $785 · Income $56,936

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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